On 7 July 2022, the Treasury Department established the prices for the three new Malta Government Stocks as follows:
(i) 2.60% MGS 2028 (V) at 102.50% for every €100 nominal giving a yield-to-maturity of 2.142% per annum.
(ii) 2.90% MGS 2032 (VI) at 101.75% for every €100 nominal giving a yield-to-maturity of 2.703% per annum.
(iii) 3.40% MGS 2042 (I) at 102.25% for every €100 nominal giving a yield-to-maturity of 3.247% per annum.
The total aggregate amount is of €150 million subject to an over-allotment option of up to a further €100 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 11 July 2022 and close on Wednesday 13 July 2022 or earlier in the case of over-subscription. Tenders in the form of sealed bids will be accepted until 12:00 hrs (noon) on Friday 15 July 2022.
Investors interested in applying for any of the new Malta Government Stocks are kindly asked to complete an ‘Assessment & Confirmation Form‘ and an Application Form (accompanied by full payment) which may be downloaded from the below links:
Further information is available in the Offering Circular dated 1 July 2022 issued by the Government of Malta. For any clarifications, please send an email to firstname.lastname@example.org 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 General Prospectus of the Malta Government Stocks for further detail about the risks of these investments.