The Treasury today announced further issues of Malta Government Stocks. Two different fungible stocks have been offered for subscription: Lm25 million 5.7% MGS 2012 (III) on offer by tender nominal at a minimum tender price of 109.70% (minimum application of Lm50,000) and Lm15 million 5% MGS 2021 for subscription by the general public at 102% for every Lm100 nominal (yield to maturity of 4.82% per annum) and by tender for amounts in excess of Lm50,000 (nominal) at a minimum tender price of 102%. By virtue of its over-allotment option, the Treasury can issue up to a further Lm15 million in the shorter-dated stock and Lm10 million in the longer-term issue bringing total stocks on offer up to a maximum of Lm60 million. Subscriptions open next Thursday 21 July and close on Tuesday 26 July. These issues are identical to the previous issues earlier this year in March and May. From last May, however, the 7-year paper had its minimum tender price increased from 108.50% to 109.70% whilst subscriptions for the 16-year paper are now at a 2% premium on the other previous issues which were at par (100%).