The Treasury announced the issue of four new Malta Government Bonds for a total aggregate amount of €120 million subject to an over-allotment option of up to a further €60 million.
The four new fixed rate stocks are:
(i) 2.00% MGS 2020 (V) F.I. (Oct 2015) R, at Euro 106.25 – YTM of 0.714% which corresponds to an annualised rate of 0.715%,
(ii) 2.00% MGS 2020 (V) F.I. (Oct 2015) I,
(iii) 2.30% MGS 2029 (II) F.I. (Oct 2015) R, at Euro 102.50 - YTM of 2.090% which corresponds to an annualised rate of 2.101%.
(iv) 2.30% MGS 2029 (II) F.I. (Oct 2015) I.
The General Public may submit applications for the new bonds in multiples of €100 and up to a maximum of €100,000 (nominal) per application. For applications in excess of €100,000 (nominal), a tendering process will apply.
Applications opening: Monday 05th October 2015 at 8.30am
Retail Applications Deadline: Wednesday 07th October 2015 at 5.00pm,
Institutional Applications (Bids Action) Deadline: Monday 12th October 2015 at 12.00pm.
The Treasury will be releasing the official prices for retail applications on Thursday 01st October 2015.
A copy of the prospectus is available HERE.
A copy of our research report is available here- MGS Issue October’15
Orders may be placed directly via CCTrader platform, by contacting us on 25 688 688 or via email on [email protected].