Treasury issues €180 million of Government Stock

The Treasury has announced that it will be issuing €180,000,000 Malta Government Stock, with an additional €120,000,000 available in case of over-allotment.

In a press statement circulated on Tuesday, the Accountant General announced that the issue of the stock will be split between stocks maturing in 2027 at 0.40 per cent, stocks maturing in 2035 with an interest rate of one per cent, and stocks maturing in 2046 with a return of 1.4 per cent.

The release noted that applications in the form of sealed bids (auction) for a minimum of €500,000 and multiples of €100,000 each open on Wednesday 24th February 2021 at 8.30 a.m. and close at noon of the same day, or earlier at the discretion of the Accountant General.

Intersted parties must send their bids on the prescribed forms by e-mail at the e-mail addresses indicated on the application form, by fax on +356 2596 7210, or deposited in the Treasury’s tender box in Floriana.

The allotment results of each Stock will be determined and announced two hours immediately after the closing time of the auction.

The application forms may be obtained from all members of the Malta Stock Exchange and other authorised Investment Service Providers or downloaded from the Treasury’s website.

The Accountant General will announce indicative pricing guidelines through a press release to be published on Tuesday 23rd February 2021 consisting of an indicative spread over the corresponding euro mid-swap rates, broadly reflecting the secondary market conditions with respect to the 0.40 per cent Malta Government Stock 2027 (IV), the 1.00 per cent Malta Government Stock 2035 (II) and the 1.40 per cent Malta Government Stock 2046 (I).

More information on these Stocks can be found in the Offering Circular which together with the General Prospectus and Malta Government Stocks Regulations can be downloaded from the Treasury’s website.