Government of Malta - Pricing of New Stocks

Further to the announcement on 25 September with respect to the issue of the new Malta Government Stocks, the Treasury today established the prices of the 2 new MGS’s as follows:

(i) 2.0% MGS 2020 (V) FI at 106.25% for every €100 nominal giving a yield to maturity of 0.714% per annum;
(ii) 2.3% MGS 2029 (II) at 102.50% for every €100 nominal giving a yield to maturity of 2.090% 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 €100 and up to a maximum amount of €100,000 (nominal) per person. For applications in excess of €100,000 (nominal), a tendering process applies. Subscriptions for the General Public open on Monday 5 October and close on Wednesday 7 October or earlier in the case of oversubscription. Tenders in the form of sealed bids will be accepted until noon on Monday 12 October.

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 an Investor Declaration (please contact us to receive a copy). Although the closing date is Wednesday 7 October 2015, given the heavy over-subscription experienced during the February 2015 issue, investors are urged to submit their application as early as possible as the Treasury may close subscriptions early.

Copy of Application Forms are available below:

Application Form – 2.0 per cent MGS 2020 (V) FI – October 2015

Application Form – 2.3 per cent MGS 2029 (II) FI – October 2015

 

Further information is available in the Prospectus dated 25 September 2015 issued by the Government of Malta. For any clarifications, please send an email to info@rizzofarrugia.com or contact us on +356 2258 3000.