New Government stocks
The Treasury announced that the interest rate in respect of the Floating Rate Malta Government Stock 2013 (V) linked to the six-month Euribor for the period from August 24, 2012 to March 23, 2013 (both dates inclusive) shall be of 1.350%.
Such interest rate is reset and based on the six-month Euribor as determined and published on Tuesday August 21, 2012 at 0.591% plus a spread of 45 basis points and subject to a minimum of 1.35% and a maximum of 3.85% per year.
The Accountant General has in the meantime announced the issue of €50 million Floating Rate Malta Government Stocks subject to an over-allotment option of an additional sum of €25 million as follows:
(i) Floating Rate Malta Government Stock 2017 (V) linked to the six-month Euribor + 90 basis points (bps), and
(ii) Floating Rate Malta Govenment Stock 2018 (IV) linked to the six-month Euribor + 110 basis points (bps), or
(iii) any combination of the above two Stocks which in the aggregate shall be €50 million.
Applications in the form of sealed bids (auction) for a minimum of €250,000 and multiples of €50,000 each open on Wednesday August 29, 2012 at 08.30h and close at noon on Friday August 31, 2012 or earlier at the discretion of the Accountant General.
Bids on the prescribed forms are to be deposited in the Treasury Tender Box in Floriana or transmitted by fax on 2596 7210 or by e-mail at the e-mail addresses indicated on the application form.
The allotment result of each stock will be determined and announced to the applicants within two hours immediately of the closing time of applications by auctions.
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.
More information on these stocks can be found in the prospectus which can be downloaded from the Treasury website at (www.treasury.gov.mt).