New Government Stock Issues

The Treasury announced the issue of 2 new Malta Government Stocks for a total aggregate amount of €100 million subject to an over-allotment option of up to a further €80 million.

The two new fixed rate stocks are:

(i) 2.00% MGS 2020 (V)

(ii) 4.1% MGS 2034 (I)

The General Public has the possibility of applying for these stocks in multiples of €100 and up to a maximum of €100,000 (nominal) per application. For applications in excess of €100,000 (nominal), a tendering process applies. Subscriptions open on Monday 28 July and close on Wednesday 30 July for the General Public while tenders in the form of sealed bids will be accepted until noon on Monday 4 August.

Further information is available in the Prospectus dated 15 July 2014 issued by the Government of Malta.

The Treasury established the prices of the 2 new MGS’s as follows:

(i) 2.0% MGS 2020 (V) at 101.75% for every €100 nominal giving a yield to maturity of 1.699% per annum;

(ii) 4.1% MGS 2034 (I) at 100.75% for every €100 nominal giving a yield to maturity of 4.045% per annum.

Subscriptions may be done directly through our Webtrader platform or by filling out an Application form and sending it to our offices.