Government of Malta - Results of MGS Issue

On 21 February 2025, the Treasury Department announced that it received applications totalling around €602 million (nominal) for the two new Malta Government Stocks. The Treasury had offered a total of €300 million (nominal), with the option of increasing the aggregate amount by a maximum amount of a further €150 million (nominal). The Treasury exercised the vast majority of its over-allotment option and allotted a total of €449 million (nominal).

Subscriptions from retail investors at the fixed prices established by the Treasury Department amounted to around €147 million (32.7% of the total allotment) and all applications in compliance with the terms of the Offering Circular will be accepted in full. The Treasury explained that the final nominal amount allotted to retail investors for each MGS will be published once the vetting of applications is completed.

The Treasury also allotted a total of €302 million (nominal) to institutional investors. The statistics published by the Treasury indicate that €81.5 million were allotted to institutional investors in the 3.00% MGS 2030 (IV) at prices ranging from a high of 101.75% (translating into a yield-to-maturity of 2.6661%) to a cut-off price of 100.49% (YTM: 2.9055%). The weighted average price for accepted bids was of 100.8747%, which translates to a YTM of 2.832%.

In the 3.50% MGS 2035 (III), a total of 220.5 million (nominal) were allotted to institutional investors at prices ranging from 101.69% (YTM: 3.3124%) to a cut-off price of 99.11% (YTM: 3.5997%). The weighted average price for accepted bids was of 100.2612%, which translates to a YTM of 3.4704%.

Download a copy of the February 2025 – Malta Government Stock Issue Interim Report published by the Treasury Department.

On 27 February 2025, the Treasury Department published the February 2025 – Malta Government Stock Issue Final Statistics.