Treasury announces initial interest rate for six-month variable Government stock

In a statement issued today, the Treasury Department explained how the semi-annual interest rate was based on the six-month Euribor as determined and published today (1.148%) plus a spread of 45 basis points.

Trading in this variable rate stock as well as the other two fixed-rate Government stocks started on the floor of the Malta Stock Exchange (MSE) today after they were admitted to the MSE’s official trading list yesterday.

An exchange notice signed by MSE Designate CEO Eileen V Muscat the previous day had announced that the three Government stocks had been admitted to the stock exchange’s official list with effect from yesterday.

The 3.75% Malta Government stock 2015 had a nominal value of €40,115,000 and would be traded for five years; the 5.25% Malta Government stock 2030 had a nominal value of €109,129,800 and would trade for 20 years; while the floating rate 6-month Euribor Malta Government stock 2013 had a nominal value of €30,000,000 and would only trade for three years.