8
NEWS
maltatoday | SUNDAY • 29 SEPTEMBER 2024
JAMES
DEBONO
jdebono@mediatoday.com.mt
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 €270,000,000
in Fixed Rate Malta Government Stocks
MALTA GOVERNMENT STOCKS
^dKͲ'sZE
________
The price for each Stock in (i) and (ii) above, offered for subscription by members of the public shall
be established on Thursday the 3
rd
of October 2024, based indicatively on the prevailing secondary
market prices, and shall be announced through a Press Release issued by the Department of
Information (DOI).
(i) 2.80% Malta Government Stock (III) maturing in 2030 and
(ii) 3.25% Malta Government Stock (IV) maturing in 2034.
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 the 7
th
of October 2024 at 8.30 a.m.
and close at 2.30 p.m. on Wednesday the 9
th
of October 2024.
Applications from wholesale investors in the form of sealed bids (auction) open at 8.30 a.m. on
Friday the 11
th
of October 2024 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 the 4
th
of
October 2024. 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 €270,000,000 Malta Government Stock in either or
each of the following two stocks:
The sum of money to be raised may be increased further up by a maximum of €130,000,000 in the event of
oversubscription.
Gozo seeks experts
to set target date for
climate neutrality
THE Gozo Regional Development Au-
thority (GRDA) is seeking a detailed
plan for Gozo to achieve climate neu-
trality, but has yet to set a target date for
the ambitious aim.
Carbon neutrality is the balance of
emitting and absorbing carbon dioxide
to reach zero net emissions.
A critical aspect of the initiative is de-
termining the target date for achieving
climate neutrality, which will be set fol-
lowing a comprehensive analysis and ex-
tensive stakeholder consultation.
This initiative is part of Malta's broad-
er climate strategy, which aims for the
entire country to become climate-neu-
tral by 2050. But the government has
already committed itself to ensure that
Gozo will achieve this target before the
rest of the island, a commitment also re-
iterated in the Labour Party's electoral
manifesto.
The final Climate Neutrality Plan will
establish this target date based on an ac-
curate energy baseline for Gozo in a plan
developed in consultation with both
state and non-state actors to outline
specific policies, actions, and measures
for climate neutrality.
The GRDA said in a tender document
that the exact timeline for achieving
this goal will be determined after eval-
uating various scenarios, including a
business-as-usual model and alternative
pathways.
A detailed implementation strategy
will include indicative timelines, perfor-
mance indicators, and estimates of the
resources needed for each policy and
action.
Prior to issuing the tender, the GRDA
conducted a Preliminary Market Con-
sultation (PMC) in January 2024, to
gather input from potential stakeholders
on the study's execution. The consulta-
tion sought input from potential stake-
holders on how to best carry out the
study, ensuring that the resulting plan is
comprehensive and effective in guiding
Gozo's transition to a sustainable future.
This tender follows Gozo's selection as
one of the 100 cities participating in the
European Union's "Climate-Neutral and
Smart Cities" mission. The mission, part
of the Horizon Europe program, aims to
make 100 cities climate-neutral by a set
date, in line with the ambitious goals of
the European Green Deal.
