Malta Government Stocks - Pricing of New Stocks

Thursday, February 18th, 2016

Further to the announcement on 12 February 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) 1.5% MGS 2022 (IV) FI at 105.00% for every €100 nominal giving a yield to maturity of 0.696% per annum;
(ii) 2.5% MGS 2036 (I) at 101.50% for every €100 nominal giving a yield to maturity of 2.408% per annum.

The total aggregate amount is of €120 million subject to an over-allotment option of up to a further €80 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 22 February and close on Wednesday 24 February or earlier in the case of oversubscription. Tenders in the form of sealed bids will be accepted until noon on Monday 29 February.

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 24 February, given the possibility that the Treasury may close subscriptions early in the case of over-subscription, investors are urged to submit their application as early as possible.

Application Forms may be downloaded from the below links:

Application Form – 1.5 per cent MGS 2022 (IV) – February 2016

Application Form – 2.5 per cent MGS 2036 (I) – February 2016

Further information is available in the Prospectus dated 12 February 2016 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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