Government of Malta - Results of MGS Issue

On 9 June, the Treasury announced that it received a total of 5,289 applications for the two new Malta Government Stocks  for a value exceeding €322 million (nominal). The Treasury had offered a total of €100 million with the option of increasing the aggregate amount by a maximum amount of an additional €80 million.

The Treasury accepted the maximum amount on offer of €180 million and stated that the subscriptions from retail investors, amounting to €150.7 million (nominal), in the 4.3% MGS 2033 (I) R were satisfied in full. Meanwhile, the Treasury didn’t accept any of the €98.85 million in bids it received with respect to the fixed-rate stock despite the prices ranging from a high of 103% to a low of 100.75%.

Due to the strong participation from the general public, the Treasury only allotted €29.3 million (nominal) to institutional investors in the FR% MGS 2018 (VII) from bids totalling €73 million. The statistics published by the Treasury indicate that the €29.3 million were allotted to institutional investors at prices ranging from a high of 100.61% to a cut-off price of 100.26%. A further €43.7 million remained unsatisfied at prices ranging from 100.23% to 99.5%.

Download a copy of the June 2014 – Malta Government Stock Issue Statistics Statistics issued by the Treasury of Malta.