Posts Tagged ‘Malta Government Stocks’
Just over three months ago I wrote an article titled “The MGS market after Trump” wherein I gave a detailed description of the sudden drop in the prices of Malta Government Stocks (MGS) in the immediate aftermath of the result of the US election on 9 November. I had also published a table showing the […]
In the indicative calendar published by the Malta Government Treasury on 5 January, it was stated that the amount of issuance in Malta Government securities during 2017 will not exceed €600 million. This is very much in line with the annual issuance over recent years. The Treasury raises funds via the issuance of Malta Government […]
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.
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 […]
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 […]
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 […]
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 […]