The Treasury this morning announced its programme for the issue of government securities, saying government borrowing will not exceed €650 million.
The issuance of Malta Government Stock this year will be used to redeem seven MGS issues totalling €370,267,923 which are due to mature as follows:
24th February 2013 - € 7,250,000 FRN MGS 2013(V) linked to 6 month Euribor
18th May 2013 - €52,000,000 FRN MGS 2013(VII) linked to 6 month Euribor
19th May 2013 - €60,565,893 6.35% MGS 2013 (II)
11th August 2013 - €30,000,000 FRN MGS 2013(VI) linked to 6 month Euribor
18th October 2013 - €140,514,800 3.60% MGS 2013 (IV)
18th October 2013 - € 79,781,860 7.80% MGS 2013
31st December 2013 - €155,370 7.00% MGS 2013 (III)
The borrowing will also be used to finance the government borrowing requirements for 2013 ( including a provisionally estimated Central Government Deficit of €95m), and for changes in the Central Government debt portfolio as and when required in line with the Government’s debt management policies.
Types of MGS issuance
The issuance programme will be covered by the issue of the conventional fixed rate MGS, and the Floating Rate MGS (FR Bond)...
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