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The Ministry for Finance and Employment on Tuesday announced that Malta received the second tranche of €123 million nominal in financial support in the form of a loan given on favourable terms under the SURE Instrument from the European Commission.

The financial support is specifically targeted to assist member states to address sudden increases in public expenditure in response to the COVID-19 outbreak. It was designed to preserve employment, including self-employment and other related measures.

This amount represents the second and last tranche from the amount of €243.6 million nominal that was allocated to Malta last year in connection with the implementation of European Council decision regarding the establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) in response to the COVID-19 outbreak.

More details about this loan can be found in the table below:

 15-Year Loan
Nominal Amount€123,000,000
Coupon0.20%
Yield0.228%

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