Malta Government Stocks - Results of MGS Issue

Monday, October 12th, 2015

On 12 October, the Treasury announced that it received a total of 3,624 applications for the two new Malta Government Stocks for a value exceeding €231 million (nominal). The Treasury had offered a total of €120 million with the option of increasing the aggregate amount by a maximum amount of an additional €60 million.

The Treasury stated that it allotted €179.95 million (nominal) in the two fixed-rate stocks as follows: €52.5 million in the 2.0% MGS 2020 (V) FI and €127.4 million in the 2.3% MGS 2029 (II) FI.

Subscriptions from retail investors at the fixed prices established by the Treasury amounted to €89.5 million (nominal) split up as follows: €1.3 million (nominal) in the 2.0% MGS 2020 (V) FI; and €88.2 million (nominal) in the 2.3% MGS 2029 (II) FI. All these applications were met in full.

Meanwhile, the Treasury allotted a total of €90.4 million (nominal) to institutional investors. The statistics published by the Treasury indicate that €51.2 million were allotted to institutional investors in the 2.0% MGS 2020 (V) FI at prices ranging from a high of 107.07% to a cut-off price of 106.25% equivalent to the fixed offer price for the General Public. A further €41.5 million remained unsatisfied at prices ranging from 106.10% to 105.00%. In the 2.3% MGS 2029 (II) FI, the Treasury allotted €39.2 million at prices ranging from a high of 103.91% to a cut-off price of 102.61% compared to the fixed offer price for the General Public of 102.50%. A further €10 million remained unsatisfied as the bids were lodged below the fixed price for the General Public.

Download a copy of the October 2015 – Malta Government Stock Issues Statistics issued by the Treasury of Malta.

Print This Page Print This Page