Malta Government Stocks - Pricing of New Issues

Further to the announcement dated 15 June 2021 with respect to the issue of two new Malta Government Stocks (‘MGS’), the Treasury yesterday established the prices as follows:

(i)         0.25% Malta Government Stock 2026 (III) F.I. at 101.25% for every €100 nominal giving a yield to maturity (“YTM”) of 0.018%; and

(ii)        1.80% Malta Government Stock 2051 (I) at 100.00% for every €100 nominal giving a YTM of 1.800%.

The total aggregate amount is of €50 million subject to an over-allotment option of up to a further €30 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. Subscriptions for the General Public open on Wednesday 23 June 2021 and close on Friday 25 June 2021, or earlier in the case of over-subscription.

For applications in excess of €100,000 (nominal), a tendering process applies. Tenders in the form of sealed bids (auction) open on Monday 28 June 2021 and close on Wednesday 30 June 2021.

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).

Application Forms may be downloaded from the below links:

Application Form – 0.25 per cent MGS 2026 (III) F.I.

Application Form – 1.80 per cent MGS 2051

Further information is available in the Offering Circular dated 15 June 2021 issued by the Government of Malta. For any clarifications, please send an email to info@rizzofarrugia.com or contact us on +356 2258 3000.

The value of these investments and the income derived therefrom may fall as well as rise and investors may not get back the amount originally invested. These investments are subject to Collective Action Clauses (CACs). Investors should refer to the Offering Circular for further details about the risks of these investments.

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