Issue link: https://maltatoday.uberflip.com/i/1493026
7 NEWS maltatoday | SUNDAY • 19 FEBRUARY 2023 MALTA GOVERNMENT STOCK FOR SAFE INVESTMENT AND LIQUIDITY WITH INTEREST PAID UP TO THE DAY OF RE-SALE OF STOCK ◆ SECURITY ◆ CONTINUOUS LIQUIDITY ◆ INTEREST EVERY SIX MONTHS ◆ (The value of the investment may go up or down during the tenor of the Stock.) Treasury Department, Development House, Level 2-3, St. Anne Street – Floriana, Malta Tel: 2596 7125 Secure Investment Issue of €200,000,000 in Fixed Rate Malta Government Stocks (subject to the over-allotment option up to a maximum of €150,000,000) MALTA GOVERNMENT STOCKS STOCK TAL-GVERN ________ Fixed Rate Malta Government Stocks Applications from members of the public for an amount up to a maximum of €499,900 per person in any one or in each of the two stocks on offer open on Monday 20 th February 2023 at 8.30 a.m. and close at 2.30 p.m. on Wednesday 22 nd February 2023. Applications from wholesale investors in the form of sealed bids (auction) open at 8.30 a.m. on Friday 24 th February 2023 and close on the same day at noon (CET), or earlier at the discretion of the Accountant General. The application forms may be obtained from, and lodged at, all Members of the Malta Stock Exchange and other authorized Investment Service Providers on the indicated dates. Application forms may also be downloaded from the Treasury's website at www.treasury.gov.mt with effect from Friday 17 th February 2023. Bids on the prescribed forms are to be transmitted by e-mail at the e-mail addresses indicated on the application forms. The Accountant General announces the issue of €200,000,000 Malta Government Stock in either or each of the following two stocks: The sum of money to be raised may be increased by an additional €150,000,000 in the event of oversubscription. (i) 3.50% Malta Government Stock (Sixth Issue) maturing in 2028, at €101.25 with a YTM of 3.2434% (which corresponds to an annualized rate of 3.2697%) and (ii) 4.00% Malta Government Stock (First Issue) maturing in 2043 at €100.00 (par) with a YTM of 3.9996% (which corresponds to an annualised rate of 4.0396%) duce any food locally." He pointed out that this ban would also place major pres- sures on agricultural land and land outside Malta's develop- ment zone. "The law as pro- posed means that, for farmers to comply with the rules, Malta would have to issue permits for construction on hundreds of tumolo of agricultural and vir- gin land. The law was proposed in re- action to a European Citizen's Initiative put forward by Com- passion in World Farming called "End the Cage Age". The initiative gathered more than 1.4 million signatures. Malta's six MEPs had voted in favour of the "End the Cage Age" resolution back in 2021. Caged farming, a widely-prac- ticed industrial livestock pro- duction system worldwide, en- tails keeping large numbers of animals meant for human con- sumption confined to cages or small spaces. This farming system allows for cheaper poultry prices, but many have raised concerns about animal welfare, human health, and the environmental impacts of caged farming. The European Commission's official response to the "End the Cage Age" initiative said that the transition away from caged forming would require supportive measures such as guidelines, recommendations, financial incentives, eco- schemes and funding imple- mented alongside the legisla- tion. The Commission also com- mitted itself to supporting information campaigns and training for cage-free farming, working with food processors and retailers to encourage the development of a cage-free market, and introducing an an- imal welfare labelling scheme to provide consumers with more information. cant linkages" to other sectors of the economy. The authors stated that a 10% increase in the final demand of construction and real estate sectors will raise overall GVA by almost 1% with significant effects on sectors such as the manufacture of non-metallic mineral products, manufac- ture of fabricated metal prod- ucts, architectural and engi- neering activities, technical testing and analysis. "Although the direct share of construction and real estate in the economy has diminished over time, the two sectors still feature significant linkages to the rest of the economy," the report authors concluded. The study formed part of the CBM's first quarterly review for 2023 that was published recently. ksansone@mediatoday.com.mt