Malta Government Stocks - New Issues

Friday, February 3rd, 2017

On 03 February, the Treasury announced the issue of 3 new Malta Government Stocks for a total aggregate amount of €130 million subject to an over-allotment option of up to a further €90 million.

The 3 new fixed rate stocks are:

  • 1.40% MGS 2023 (III) at a price to be determined on Wednesday 8 February 2017 in the afternoon;
  • 1.50% MGS 2027 (I) at a price to be determined on Wednesday 8 February 2017 in the afternoon;
  • 2.20% MGS 2035 (I) at a price to be determined on Wednesday 8 February 2017 in the afternoon.

The General Public has the possibility of applying for these stocks in multiples of €100 and up to a maximum of €100,000 (nominal) per application.

For applications in excess of €100,000 (nominal), a tendering process applies.

Subscriptions open on Monday 13 February and close on Wednesday 15 February for the General Public or earlier in the case of over-subscription. Tenders in the form of sealed bids will be accepted until noon on Monday 20 February.

Further information is available in the Prospectus dated 03 February 2017 issued by the Government of Malta. Pricing details will be announced on our website on Wednesday 8 February and application forms will also be available on the same day.

For any clarifications, please send an email to info@rizzofarrugia.com or contact us on +356 2258 3000.

The value of these investments and the income derived therefrom may fall as well as rise and investors may not get back the amount originally invested. These investments are subject to Collective Action Clauses (CACs). Investors should refer to the Prospectus for further detail about the risks of these investments.

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