Malta Government Stocks - Pricing of New Stocks

Thursday, July 28th, 2016

Further to the announcement dated 22 July 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 (August 2016) at 107.25% for every €100 nominal giving a yield to maturity of 0.266% per annum;
(ii) 2.4% MGS 2041 (I) at 101.75% for every €100 nominal giving a yield to maturity of 2.307% per annum.

The total aggregate amount is of €100 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 1 August and close on Wednesday 3 August or earlier in the case of oversubscription. Tenders in the form of sealed bids will be accepted until noon on Monday 8 August.

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 Assessment & Confirmation Form (please contact us to receive a copy). Although the closing date is Wednesday 3 August, 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) FI – August 2016
Application Form – 2.4 per cent MGS 2041 (I) – August 2016

Further information is available in the Prospectus dated 22 July 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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