Malta Government Stocks - Pricing of New Stocks

Thursday, June 14th, 2012

Further to the announcement on 5 June with respect to the issue of the new Malta Government Stocks, the Treasury today established the prices for the 3 new MGS’s as follows:

  • 3.75% MGS 2017 (IV) at 102.00% for every €100 nominal giving a yield to maturity of 3.324% per annum;
  • 4.3% MGS 2022 (II) FI at 100.25% for every €100 nominal giving a yield to maturity of 4.268% per annum;
  • 5.1% MGS 2029 (I) at 101.00% for every €100 nominal giving a yield to maturity of 5.012% per annum.

The total aggregate amount is of €120 million subject to an over-allotment option of up to a further €60 million.

The General Public has the possibility of applying in any of these issues in multiples of a €100 and up to a maximum amount of €100,000 (nominal) per application. For applications in excess of €100,100 (nominal), a tendering process applies. Subscriptions open on Monday 18 June and close on Wednesday 20 June for the General Public. Meanwhile, tenders must be lodged by Friday 22 June at 12 noon.

Investors interested in applying for any of the Malta Government Stock issues are kindly asked to complete an Application Form (accompanied by full payment) and to forward this to our office by Wednesday 20 June. For those investors wishing to settle via an Internet banking transfer, kindly send us an email to obtain our bank account details.

Copy of Application Forms are available below:

Application Form – 3.75 per cent MGS 2017 IV

Application Form – 4.3 per cent MGS 2022 II

Application Form – 5.1 per cent MGS 2029

Further information is available in the Prospectus dated 5 June 2012 issued by the Government of Malta. For any clarifications, please send an email to info@rizzofarrugia.com or contact us on +356 2258 3000.

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