Issue link: https://maltatoday.uberflip.com/i/262615
maltatoday, WEDNESDAY, 19 FEBRUARY 2014 8 News Secure Investment Secure Investment Issue of Issue of €100,000,000 100,000,000 in Fixed Rate Malta Government Stocks in Fixed Rate Malta Government Stocks (subject to the over (subject to the over-allotment option of allotment option of an additional sum of an additional sum of €60,000,000) 60,000,000) MALTA GOVERNMENT MALTA GOVERNMENT STOCKS STOCKS _______ _______ (i) 3.2% MGS (Fifth Issue) ) 3.2% MGS (Fifth Issue) – Fungibility Fungibility Issue Issue Maturing in 2019, Maturing in 2019, and and (iii) 4.45% MGS (Second Issue) (iii) 4.45% MGS (Second Issue) Maturing in 2032, Maturing in 2032, or or _______ (ii) 3.3% MGS (First Issue) (ii) 3.3% MGS (First Issue) Maturing in 2024, Maturing in 2024, and and (iv) Any combination of the above three Stocks which in (iv) Any combination of the above three Stocks which in the aggregate shall be the aggregate shall be €100,000,000 100,000,000 Fixed Rate Malta Government Stocks Applications Applications open open on on Monday Monday 24 24 th th February, February, 2014 2014 at at 8.30 30 a.m. and and close close on on the the time time and and dates dates MALTA GOVERNMENT STOCK FOR SAFE INVESTMENT AND LIQUIDITY WITH INTEREST PAID UP MALTA GOVERNMENT STOCK FOR SAFE INVESTMENT AND LIQUIDITY WITH INTEREST PAID UP TO THE DAY OF RE TO THE DAY OF RE-SALE OF STOCK. SALE OF STOCK. SECURITY SECURITY CONTINUOUS LIQUIDITY CONTINUOUS LIQUIDITY INTEREST EVERY SIX MONTHS INTEREST EVERY SIX MONTHS (The value of the investment may go up or down during the tenor of the Stock.) Treasury Department, The Mall Building, The Mall Treasury Department, The Mall Building, The Mall - Floriana, Malta. Floriana, Malta. The The Price Price for for each each Stock Stock at at (i), ), (ii) (ii) and and (iii) (iii) above above offered offered for for subscription subscription by by members members of of the the public public shall shall be be established established on on Thursday Thursday 20 20 th th February February 2014 2014, based based indicatively indicatively on on the the prevailing prevailing secondary secondary market market prices, prices, and and shall shall be be announced announced through through a Press Press Release Release issued issued by by the the Department Department of of Information Information (DOI) (DOI). Applications Applications open open on on Monday Monday 24 24 th th February, February, 2014 2014 at at 8.30 30 a.m. and and close close on on the the time time and and dates dates as as hereunder, hereunder, or or earlier earlier at at the the discretion discretion of of the the Accountant Accountant General General: •at at 5.00 00 p.m. on on Wednesday Wednesday 26 26 th th February, February, 2014 2014 for for applications applications by by any any single single and/or and/or joint joint applicants applicants which which in in the the aggregate aggregate do do not not exceed exceed €100 100,000 000 per per person, person, and and •at at 12 12.00 00 (noon) (noon) on on Monday Monday 3 rd rd March, March, 2014 2014 for for applications applications in in the the form form of of sealed sealed bids bids (auction) (auction). Application Application forms forms may may be be obtained obtained from, from, and and lodged lodged at, at, all all Members Members of of the the Malta Malta Stock Stock Exchange Exchange and and other other authorized authorized Investment Investment Service Service Providers Providers on on the the indicated indicated dates dates. Application Application forms forms may may also also be be downloaded downloaded from from the the Treasury's Treasury's website website at at www www.treasury treasury.gov gov.mt mt with with effect effect from from Friday Friday 21 21 st st February, February, 2014 2014. Bids Bids on on the the prescribed prescribed forms forms are are to to be be deposited deposited in in the the Treasury Treasury Tender Tender Box Box or or transmitted transmitted by by fax fax on on 2596 2596 7210 7210 or or by by e-mail mail at at the the e-mail mail addresses addresses indicated indicated on on the the application application forms forms. Arriva failed to pay €1.3 million in penalties JURGEN BALZAN ARRIVA, the former public trans- port operator, has so far failed to pay €1,332,650 out of the €1.8 million in penalties issued by Transport Malta in 2013, transport minister Joe Miz- zi said. In reply to a parliamentary ques- tion by opposition MP Toni Bezzina, Mizzi said that to date Arriva had only paid €487,550 in penalties is- sued by the regulator. Moreover, the minister said that a further €808,650 in penalties which were issued between August and December, were not issued by Transport Malta following the sus- pension of the articulated buses. He explained that Transport Malta had intended to issue the penalties once the negotiations between the two parties ended. In January, government entered into an agreement with Arriva's mother company, Deutsche Bahn AG Group to transfer the entire company to Transport Malta and a new national company. The national public transport company that took over the Arriva Malta operations earlier this year, Malta Public Transport Services Ltd, has already absorbed €7.9 mil- lion in total debts when it took over Arriva Malta for a nominal €1. The financial statements tabled in the House of Representatives, sub- mitted on 2 January 2014 by Price- waterhouseCoopers, paint a dismal picture of the state of the public transport operator. The accounts show that Arriva was forecasting an operating loss of €4.3 million for 2013 but the company actually reg- istered a loss of €18.7 million as of November 2013. No more 'breakfast' for MEP hopeful Ellul launches MEP campaign LABOUR candidate for the Europe- an Parliament Charlon Gouder will tomorrow make his last appearance presenting the One TV breakfast show. Since Labour's election to power in March 2013, Gouder has been work- ing as spokesperson for Jose Herrera, the Parliamentary Secretary for Lo- cal Government and Culture. Now, the former One TV journalist is trying to follow in the footsteps of an established Labour tradition: like Prime Minister Joseph Muscat, once also a TV journalist, Gouder is aim- ing at a seat in Brussels. With former Labour leader Alfred Sant and former One TV colleague Miriam Dalli widely believed to be favourites for MEP, Gouder will be facing cut-throat competition for a third seat in the European Parlia- ment. His next presence on the television screens will be on Smash TV, where he hopes his candidature will gain traction with an interview-style pro- gramme. FORMER Brandstatter and Playmobil CEO Helga Ellul yes- terday launched her campaign for MEP, with the slogan 'My experience, our Europe, your Future'. Ellul said she wanted to strengthen the link between theory and hands-on practice in employment. She said she will strive to provide more in- formation to young people on range of jobs available and the qualifications required. The PN candidate said she will work for a regulatory framework for social enterprise, and on de- veloping sectors that are strong in 'Maltese know-how', to en- sure a healthy and diversified spread of economic activit y. "We all have a dut y to vote, whatever our views about the European Union. Through these elections, you have a say in the vision of the European Union," Ellul said. "This is not an easy task in politics so it is an honour for the Nationalist Part y to be able to attract people like Helga El- lul," Opposition leader Simon Busuttil said. "We are proud to have Helga on the PN list."