Launch Period Monday 13th February 2017 till Wednesday 15th February 2017
(unless closed earlier due to over-subscription)

The internationally recognised credit rating agencies rank Malta as investment grade, with the following credit ratings: Standard & Poor’s (S&P): A-; Moody’s: A3 and Fitch: A.

Three stocks will be issued on Monday 13th February: (a) 1.4% MGS 2023 (III), (b) 1.5% MGS 2027 (I) and (c) 2.2% MGS 2035 (I).

Downloads:

Amount: €130,000,000 in total (any combination of the three stocks below)

subject to an over-allotment option of €90,000,000.

Coupon & Maturity: 1.4% MGS

2023 (III)

1.5% MGS

2027 (I)

2.2% MGS

2035 (I)

Issue price:
Eur 104.00 Eur 100.50 Eur 100.25
Interest Dates: 11th May & 11th Nov

1st pro-rata payment from 20.02.17 to 10.05.17 will be made on 11.05.17

15th June & 15th Dec

1st pro-rata payment from 20.02.17 to 14.06.17 will be made on 15.06.17

24th May & 24th Nov

1st pro-rata payment from 20.02.17 to 23.05.17 will be made on 24.05.17

Maximum Investment: €100,000 per person in any or each of the three stocks

NO COST: During the launch period our services are completely free of charge.

LIQUIDITY: These bonds can be partly or fully encashed before maturity. To sell your holdings simply instruct us by phone, fax or email. Proceeds, including accrued interest, will be paid out after two working days.

 

15% FINAL WITHHOLDING TAX: Please tick the relevant box to indicate whether you wish tax to be withheld at source or paid gross. DIRECT BANK CREDIT: Interest, and refunds if applicable, can only be credited directly to your bank account. Please enter your bank account details including your full IBAN in the relevant box.

 

ID CARDS: Kindly forward a clear copy of your valid ID card with your application form.

PLEASE ACT TODAY: Time frames are very tight. Kindly complete and sign the enclosed application and return to us with your cheque, payable to “The Accountant General”. Only cheques or transfers to our clients’ account with BOV IBAN no. MT85 VALL 22013 0000 000 400 1188 0787, will be accepted. Where possible, please deliver applications to us in person at our office.

PERSONAL ATTENTION AND QUALITY ADVICE: If you require more information, please phone between 8.00am and 5.00pm from Monday to Friday on 21 344 244. Alternatively you may call Matthew on 9947 1525 or Elaine on 7942 3375.

Bond prices fluctuate – the longer the term, the wider the potential fluctuation.

If these bonds are sold before maturity you may receive more, or less, than you invested.

This circular in no way implies that this stock-broking firm has any official appointment by the Treasury other than as selling agent.

This circular is issued for information purposes only and should not be construed as advice.