Posts Tagged ‘Malta Government Stocks’
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 […]
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 […]
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 […]