The Accountant General has announced the issuance of €350 million in government stocks, with public investment applications opening later this month.
The stocks can be acquired in any one or combination of 2.55% Malta Government Stock 2030 (V), 3.40% Malta Government Stock 2035 (IV) Fungibility Issue (F.I.) and 3.80% Malta Government Stock 2040 (II) Fungibility Issue (F.I.).
The sum of money to be raised may be increased by a maximum of €130 million in the event of oversubscription.
Members of the public interested in investing may apply for an amount up to a maximum of €499,900 per person in any one or in each of the three stocks on offer.
Application forms can be made by one person or jointly with other people.
Applications open Monday, November 17 at 8.30am, and close at 2.30pm on Wednesday, November 19, or earlier at the discretion of the Accountant General.
Wholesale investor applications made in the form of sealed bids (auction) open on Friday, November 21 at 8.30am, and close at 12pm the same day, or earlier at the discretion of the Accountant General.
The price for each stock offered for subscription by members of the public will be announced by the Accountant General on Thursday, November 13, with prices published by the Department of Information (DOI).
The allotment results of each stock to applicants submitting sealed bids (auction) will be determined and announced two hours after the closing time of the auction.
Application forms may be obtained from and lodged at all members of the Malta Stock Exchange and other authorised investment service providers.
Application forms may also be downloaded from the Treasury’s website (https://treasury.gov.mt/en/application-forms/) from Friday, November 14.
More information on the stocks being offered may be found in the Offering Circular which can be downloaded from the Treasury’s website from today.