Posts Tagged ‘Malta Government Stocks’

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Malta Government Stocks - Listing & Trading of New MGS

Thursday, February 23rd, 2017

On 23 February, the Malta Stock Exchange announced that the recently issued Malta Government Stocks (MGS) will be admitted to the Official List with effect from today, Thursday 23 February 2017. Trading in these new stocks is expected to commence tomorrow, Friday 24 February.

Malta Government Stocks - Results of MGS Issue

Monday, February 20th, 2017

On 20 February, the Treasury announced that it received a total of 1,186 applications for the three new Malta Government Stocks for a value exceeding €282 million (nominal). The Treasury had offered a total of €130 million with the option of increasing the aggregate amount by a maximum amount of an additional €90 million. The […]

- Daily Market Highlights (09.02.17)

Thursday, February 9th, 2017
  • The MSE Share Index climbed by a further …
  • On the bond market, the RF MGS Index …
  • Yesterday afternoon, the Treasury …
  • The equity of Bank of Valletta plc advanced …
  • Within the same sector, HSBC Bank Malta plc …
  • The other positive performing equity today …
  • Despite revealing upbeat January 2017 …

Malta Government Stocks - Pricing of New Issues

Wednesday, February 8th, 2017

Further to the announcement dated 03 February 2017 with respect to the issue of the new Malta Government Stocks, the Treasury today established the prices of the 3 new MGS’s as follows: (i) 1.4% MGS 2023 (III) at 104.00% for every €100 nominal giving a yield to maturity of 0.788% per annum; (ii) 1.5% MGS 2027 […]

- A review of the Maltese bond market in 2016

Thursday, January 12th, 2017

Following last week’s round-up of the Maltese equity market, a review of the bond market in 2016 is also warranted. Conventional finance theory states that investors are generally more exposed to volatility when investing in shares as opposed to bonds. Well, this theory did not hold again in 2016 as the movement in Malta Government […]

Malta Government Stocks - 2017 MGS Indicative Calendar

Thursday, January 5th, 2017

On 5 January, the Treasury of Malta announced that the amount of issuance of Malta Government Stocks during 2017 will not exceed €600 million. The funds raised will be used to finance the government’s borrowing requirements (estimated at €128.3 million) as well as to finance the redemption of five MGS issues totalling €371.8 million and […]

- Daily Market Highlights (05.01.17)

Thursday, January 5th, 2017
  • The MSE Share Index posted its first drop in …
  • The decline in the local equity index was …
  • A single deal of 35,000 shares pulled the …
  • The other negative performing equities …
  • Light volumes were also traded in the …
  • Malta International Airport plc held on to …
  • In contrast, HSBC, BOV, RS2 and GO all …

- Will the great rotation really take place now?

Thursday, December 8th, 2016

The phrase “the great rotation” was originally penned by an economist at Bank of America Merrill Lynch in 2012 when it was being predicted that the record-low bond yields will prompt investors to rotate out of sovereign bonds and into shares. Bond yields in the US had dropped to record low levels at the time […]

- The MGS market after Trump

Thursday, November 24th, 2016

In last week’s article I documented the unexpected reaction across equity, bond and foreign exchange markets following the surprising election of the Republican nominee Donald Trump to the White House. From the various telephone calls and emails received in recent days, it seems that few Maltese investors had ever imagined that a Presidential Election on […]

- Daily Market Highlights (16.11.16)

Wednesday, November 16th, 2016
  • The MSE Share Index rebounded from …
  • On the bond market, yesterday’s rebound …
  • Following two consecutive sessions of …
  • Similarly, the share price of HSBC Bank …
  • The only other positive performing equity …
  • On the other hand, new sell orders forced …
  • Negative movements also in the equity …

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