Government of Malta - Results of MGS Auction

On 30 March, the Treasury announced that it received 66 bids from institutional investors for the recently offered two fixed-rate Malta Government Stocks for a value totaling €151.3 million (nominal) compared to the €80 million on offer.

The statistics published by the Treasury indicate that €55 million were allotted in the 1.50% MGS 2022 (IV) FI at prices ranging from a high of 106.61% to a cut-off price of 106.39%. The weighted-average price of accepted bids stands at 106.47%, which corresponds to a yield-to-maturity of 0.4523%. A further €37.7 million remained unsatisfied at prices ranging from 106.37% to 105.61%.

In the 2.50% MGS 2036 (I) FI, the Treasury allotted €25 million at prices ranging from a high of 105.32% to a cut-off price of 104.71%. The weighted-average price of accepted bids stands at 105.08%, which corresponds to a yield-to-maturity of 2.1925%. A further €33.3 million remained unsatisfied at prices ranging from 104.62% to 102.85%.