Malta Government Stocks - Results of MGS Issue

On 30 June 2021, the Treasury announced that it received a total of 581 applications for the two new Malta Government Stocks for a value exceeding €103 million (nominal). The Treasury had offered a total of €50 million with the option of increasing the aggregate amount by a maximum amount of an additional €30 million.

The Treasury stated that it allotted €60.6 million (nominal) in the two fixed-rate stocks as follows: €13.6 million in the 0.25% MGS 2026 (III) F.I. and €47.0 million in the 1.80% MGS 2051 (I).

Subscriptions from retail investors at the fixed prices established by the Treasury amounted to €16.1 million (nominal) split up as follows: €0.1 million (nominal) in the 0.25% MGS 2026 (III) F.I.  and €16.0 million (nominal) in the 1.80% MGS 2051 (I). All these applications were met in full.

The Treasury also allotted a total of €44.5 million (nominal) to institutional investors. The statistics published by the Treasury indicate that €13.5 million were allotted to institutional investors in the 0.25% MGS 2026 (III) F.I. at prices ranging from a high of 101.34% to a cut-off price of 101.25% in line with the fixed price for the General Public of 101.25%.

In the 1.80% MGS 2051 (I), out of the €31.5 million tendered, €31.0 million were allotted to institutional investors at prices ranging from a high of 102.71% to a cut-off price of 100.00% in line with the fixed price for the General Public of 101.25%.

Download a copy of the July 2021 – Malta Government Stock Issue Statistics published by the Treasury of Malta.

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