There has been a strong demand both by members of the public and institutional investors to the two issues of Malta Government Stocks - August 2010, including two Fixed Rate MGSs and one Floating Rate MGS.
By closing dates (last Wednesday at 5 p.m. and today at noon) the Treasury has received:
Fixed Rate MGS
3,475 applications/bids having a total nominal value exceeding €217.5 million against the authorised sum on issue of €100 million (subject to an over-allotment option for an additional amount of €50 million).
The Treasury is allotting the accepted amount as hereunder:
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Applications/Bids Received |
Allotments |
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Public/Financial Institutions |
Public |
Financial Institutions |
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Amount (€) |
Amount (€) |
Amount (€) |
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MGS 3.75% 2015 (VI) FI offered for members of the public at the Price of €102.50 |
84,615,000 |
7,115,000 |
33,000,000 |
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MGS 5.25% 2030 (I) FI offered for members of the public at the Price of €100 (par) |
133,134,600 |
84,879,800 |
24,250,000 |
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The Treasury announced that all subscriptions by members of the public amounting to €91,994,800 would be accepted in full.
Floating Rate MGS
The treasury received 10 bids having a total value of €50 million against the authorised sum on issue of €30 million.
It is allotting the accepted amount as hereunder:
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By Auction |
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Bids Received |
Allotments |
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Amount (€) |
Amount (€) |
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Floating Rate MGS 2013 (VI) linked to 6 month Euribor |
50,000,000 |
30,000,000 |