Malta Government Stocks - Pricing of New Stocks

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) 2.1% MGS 2039 (I) at 102.50% for every €100 nominal giving a yield to maturity of 1.964% per annum.

The total aggregate amount is of €100 million subject to an over-allotment option of up to a further €60 million.

The General Public has the possibility of applying in any of these issues in multiples of €100 and up to a maximum amount of €100,000 (nominal) per person. For applications in excess of €100,000 (nominal), a tendering process applies. Subscriptions for the General Public open on Monday 17 October and close on Wednesday 19 October or earlier in the case of over-subscription. Tenders in the form of sealed bids will be accepted until noon on Monday 24 October.

Investors interested in applying for any of the Malta Government Stock issues are kindly asked to complete an Application Form (accompanied by full payment) and an Assessment & Confirmation Form (please contact us to receive a copy). Although the closing date is Wednesday 19 October, given the possibility that the Treasury may close subscriptions early in the case of over-subscription, investors are urged to submit their application as early as possible.

Application Forms may be downloaded from the below links:

Application Form – 1.5 per cent MGS 2022 (IV) FI – October 2016

Application Form – 2.1 per cent MGS 2039 (I)

Further information is available in the Prospectus dated 07 October 2016 issued by the Government of Malta. For any clarifications, please send an email to info@rizzofarrugia.com or contact us on +356 2258 3000.