Posts Tagged ‘Malta Government Stocks’

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- 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 …

- Daily Market Highlights (28.10.16)

Friday, October 28th, 2016
  • The MSE Share Index rebounded from …
  • On the bond market, the RF MGS Index …
  • This afternoon, the Treasury announced …
  • The share price of Bank of Valletta plc …
  • Elsewhere in the market today, HSBC …
  • RS2 Software plc also performed …
  • The only other positive performing …

Malta Government Stocks - Results of MGS Issue

Friday, October 28th, 2016

On 28 October, the Treasury announced that it received applications from the general public for the two new Malta Government Stocks for a value of nearly €187.8 million (nominal). The Treasury will be exercising its over-allotment option and increasing the aggregate amount to €160.0 million. The Treasury stated that the 10 applications for the 1.5% […]

- How does a rating upgrade impact Malta’s capital markets?

Thursday, October 27th, 2016

On Friday 14 October, one of the most renowned international credit rating agencies Standard & Poor’s upgraded Malta’s credit rating from ‘BBB+’ to ‘A-‘. This was a very timely announcement since it was in the midst of a €160 million Malta Government Stock issue and a few days before the presentation of the 2017 Budget […]

- Is the ‘natural yield’ sufficient?

Thursday, October 20th, 2016

The natural yield of a person’s portfolio (comprising financial investments as well as other assets) represents the annual income received in the form of dividends on shares; interest on deposits at banks; interest on bonds; as well as rental income from investment properties. Historically, many investors followed the ‘natural yield’ theory of investing whereby investors […]

Malta Government Stocks - Closure of MGS Issue (October 2016)

Monday, October 17th, 2016

On 17 October, the Treasury announced that applications received from retail investors for the recently issued Malta Government Stocks – i.e. the 1.5% MGS 2022 (IV) F.I. and the 2.1% MGS 2039 (I) – exceeded the maximum amount on offer even after the exercising of the overallotment option (i.e. an aggregate of €160 million). The […]

Malta Government Stocks - Pricing of New Stocks

Thursday, October 13th, 2016

Further to the announcement dated 07 October 2016 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 (October 2016) at 107.25% for every €100 nominal giving a yield to maturity of 0.223% per annum; (ii) […]

- Malta Government Stocks outperform shares in Q3

Thursday, October 13th, 2016

Two weeks ago marked the end of the third quarter of the year. The main highlight of Q3 is generally the interim reporting season which lasts until 31 August. However, the summer months are also generally characterized by weaker activity across the market. During the third quarter of 2016, trading activity in equities listed on […]

Malta Government Stocks - New Issues

Friday, October 7th, 2016

On 07 October, the Treasury announced the issue of 2 new Malta Government Stocks for a total aggregate amount of €100 million subject to an over-allotment option of up to a further €60 million. The 2 new fixed rate stocks are: 1.50% MGS 2022 (IV) FI at a price to be determined on Thursday 13 October 2016 […]


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