Posts Tagged ‘Malta Government Stocks’

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- 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 […]

- Central Bank commences reverse auctions in MGS

Thursday, September 8th, 2016

Last Monday, the Central Bank of Malta officially announced the start of reverse auctions in Malta Government Stocks as part of the Quantitative Easing (QE) or the Public Sector Purchase Programme (PSPP) being conducted by the European Central Bank. It is worth recalling that the QE programme started in March 2015. This is a means […]

Malta Government Stocks - Listing & Trading of New MGS

Monday, August 22nd, 2016

On 22 August, the Malta Stock Exchange announced the listing of the €153,669,800 nominal 2.4% MGS 2041 (I) which was recently offered on the primary market. Trading is expected to commence as from tomorrow Tuesday 23 August 2016.

- The summer bond market rally

Thursday, August 18th, 2016

The historic consultative Brexit referendum on 23 June had wide implications across various asset classes, namely equities, currencies and also bonds. The immediate reaction across international financial markets as the surprising result was announced in the early hours of 24 June was well documented across the local and international media. Global equity markets experienced a […]

Malta Government Stocks - Results of MGS Issue

Thursday, August 11th, 2016

On 11 August, the Treasury announced that it received applications from the general public for the two new Malta Government Stocks for a value of nearly €186.0 million (nominal). In fact, it will be exercising its over-allotment option and increasing the aggregate amount to €160.0 million. The Treasury stated that the 14 applications for the […]

- Will bank deposit interest rates go negative?

Thursday, August 11th, 2016

Last week, the Bank of England (BOE) reduced the bank base rate in the UK for the first time since March 2009 and said that it expects to cut it further towards zero in the months ahead. In response to the June vote in the Brexit referendum, the BOE cut interest rates by 25 basis […]

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