The Treasury has announced the issue of two new Malta Government Bonds for a total aggregate amount of €120 million subject to an over-allotment option of up to a further €80 million. The prices and the yields for the news Malta Government Bonds have been set as follows:
(i) 1.5% Malta Government Stock 2022 (IV) at Euro 105.00- YTM of 0.696% which corresponds to an annualised rate of 0.697% and
(ii) 2.5% Malta Government Stock 2036 (I) Euro 101.50 – YTM of 2.408% which corresponds to an annualised rate of 2.422%.
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 22nd February 2016 at 8:30am
Retail Applications Deadline: Wednesday 24th February 2016 at 10:00am
Sealed Bids (Auction) Deadline: Monday 29th February 2016 at 10:00am
The Treasury will be releasing the official prices for retail applications on Thursday 18th February 2016.
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]. Orders can also be placed directly via CCTrader platform.