Malta Government Stocks - Allotment Policy

Tuesday, August 5th, 2014

On 5 August, the Treasury issued a press release announcing that it received a total of 5,654 applications from the general public for the two new Malta Government Stocks for a value exceeding €193 million (nominal). As a result, the Treasury exercised the over-allotment option of €80 million and it will be issuing €180 million split up as follows: €6,044,300 (nom) 2% MGS 2020 and €173,955,700 (nom) 4.1% MGS 2034.

The following allotment policy is being adopted across the two issues:

2% MGS 2020

– 39 applications having a nominal value of €6,044,300 will be accepted in full.

4.1% MGS 2034

– 5049 applications up to €70,000 (nom) will be accepted in full;

– 566 applications in excess of €70,000 (nom) will receive the first €70,000 (nom) per application, plus an additional 40% of the remaining balance, rounded to the nearest €100.

The Treasury explained that this allocation policy will satisfy nearly 93% of the total nominal amount of applications received in the 4.1% MGS 2034 (I).

The Treasury did not disclose the date of any refunds to applicants and the listing dates of the two MGS as yet.

Print This Page Print This Page