Malta Government Stocks: Final results and allotment of retail subscriptions

Last Updated on Wednesday, 16 October, 2024 at 4:01 pm by Andre Camilleri

With reference to Press Release No. 241649 published on 11 October, the Treasury Department announces the final results including the details of subscriptions and allotment in each stock by retail investors.

In this issue, the Treasury received a total nominal amount of €620,350,800 from both retail and wholesale investors against the authorised sum on issue of €270,000,000 subject to an over-allotment option for an additional amount of up to a maximum of €130,000,000.

Subscriptions by retail investors

By the closing date at 2.30pm on Wednesday 9 October, the Treasury received 2,164 applications from retail investors in the two Malta Government Stocks amounting to €89,850,800 nominal. As already announced, these applications which were made under the non-competitive part of the issuance at pre-announced fixed price have been accepted in full.

The details of applications received and allottment in each stock are as follows:

Stock DescriptionNo. of applications receivedNominal Amount Allotted (€)
2.80% Malta Government Stock 2030 (III) offered at the price of €100.00 (par)47111,416,400
   
3.25% Malta Government Stock 2034 (IV) at €100.00 (par)1,69378,434,400
   
Total subscriptions by retail investors2,16489,850,800

Competitive auction – wholesale investors

By the closing date at noon on Friday 11 October, the Treasury received 76 bids from wholesale investors in the two stocks having a total nominal value of €530,500,000 which were allotted as follows:

 Bids received in the AuctionAllotment
Stock DescriptionNo.Nominal Amount (€)No.Nominal Amount (€)
2.80% Malta Government Stock 2030 (III)29244,500,00012*117,000,000
     
3.25% Malta Government Stock 2034 (IV)47286,000,00016192,500,000
     
Total subscriptions by wholesale investors76530,500,00028309,500,000

*One bid partially accepted

More information can be found in the MGS Issuance Results published on the Treasury Department’s website at www.treasury.gov.mt.

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