On 8 October, the Treasury of Malta announced the issue of 2 new Malta Government Stocks for a total aggregate amount not exceeding Lm50 million. The new issues will partly refinance the Lm24.75 million redemption of the 7.35% MGS 2007 on 18 October. The General Public has a choice of 2 new stocks as follows:
(i) A fungible issue of the 5.7% MGS 2012 (III) at 103.85% for every Lm100 nominal giving a yield to maturity of 4.82% per annum;
(iii) A nfungible issue of the 5.0% MGS 2021 at 98.50% for every Lm100 nominal giving a yield to maturity of 5.15% per annum.
Subscriptions open on Monday 15 October and close on Friday 19 October.