MGS Issuance October 2016
The Treasury has announced that, in view of the fact that the applications received from retail investors exceeded the maximum amount that can be issued, no further applications from the members of the public will be accepted as from Monday 17th October after 2.30pm and the auction which was scheduled to be held at noon on Monday 24th October 2016 has been cancelled.
Bond Issue News 07/10/2016
The Treasury has announced the issue of two new Malta Government Bonds for a total aggregate amount of €100 million subject to an over-allotment option of up to a further €60 million. The two new fixed rate stocks are:
(i) 1.5% Malta Government Stock 2022 (IV) Fungible Issue, @ a price of Euro 107.25
(ii) 2.1% Malta Government Stock 2039 (I), @ a price of Euro 102.50
The General Public may submit single or joint applications for the new bonds in one of the following manners:
- Applications in multiples of €100 and up to a maximum of €100,000 (nominal) per application (retail)
- Applications which in the aggregate are over €100,000, but do not exceed €500,000 in any or each of the two Stocks, shall be in the form of sealed bids (auction) for a minimum of €100,100 each
- Applications which in the aggregate exceed €500,000 in any or each of the two Stocks, shall be in the form of sealed bids (auction) for a minimum and multiples of €500,000 each
Applications Opening: Monday 17st October 2016 at 8:30am
Retail Applications Deadline: Wednesday 19th October 2016 at 10:00am (or earlier at the discretion of the Accountant General)
Sealed Bids (Auction) Deadline: Monday 24th October 2016 at 10:00am
The Treasury will be releasing the official prices for retail applications on Thursday 13th October 2016 in the afternoon.
A copy of the prospectus is available HERE
Orders may be placed by contacting us on 25 688 688 or via email on [email protected] Nominee client can place orders directly via CCTrader platform starting on Monday 10th October. Clients buying on the certificated MSE account will also need to fill out an application form. You can also show your interest in MGSs by clicking here.