|
Privatisation bonds to be
launched by government
The government has announced the issue of 100,000 Malta Government
Privatisation Bonds of a nominal value of Lm100 each, redeemable
in 2005 at Lm115 per bond.
The government has set up a company – Malta Government
Privatisation plc – which will be handling this, and future
bond issues. The Malta Government Privatisation plc is based
in the trade centre at the San Gwann Industrial Estate.
The privatisation bond subscribers will be given
preference in shares issues relating to government
privatisations. A substantial part of the privatisation programme
would be carried out on the stock exchange.
A prospectus dated 23 October 2000 has been issued and registered
with the Registrar of Companies. Applications for the bonds
will be received as from 30 October 2000.
Meanwhile, the government-appointed committee set up to oversee
the privatisation process is currently finalising the bid documents
for the privatisation of Malta Freeport Corporation, the first
State-owned entity to be privatised.
|
