Government of Malta - Results of MGS Issue

On 27 October 2022, the Treasury announced that it received a total of 10,458 applications for the two new Malta Government Stocks for a value exceeding €293 million (nominal). The Treasury exercised the over-allotment option and all applications were accepted in full.

Subscriptions from retail investors for the 3.40% MGS 2027 (VI) at an offer price of 101.25% amounted to €52.8 million (nominal), while applications for the 4.00% MGS 2032 (VII) at an offer price of 100.00% amounted to €240.3 million (nominal).

Since no material amounts were left available for allocation to institutional investors, the scheduled auction was cancelled.

The two new MGS’s were admitted to listing on the Official List of the Malta Stock Exchange on 28 October 2022 and trading is expected to commence on 31 October 2022. Interest on the new MGS’s started to accrue as from 17 October 2022.

Download a copy of the October 2022 – Malta Government Stock Issue Statistics published by the Treasury of Malta.