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Friday, February 18, 2011, 15:44

Government stock issue oversubscribed

A strong demand by the public and institutional investors to the latest government stock issue ohas been reported.

By closing dates (5 p.m. on Wednesday and noon today), the Treasury had received 6,052 applications/bids having a total value exceeding 326 million euro against the authorised sum on issue of 120 million euro (subject to an over-allotment option for an additional amount of 80 million euro).

The Treasury is allotting the accepted amount as hereunder:

	Applications/Bids Received	Allotment
	Public/Financial Institutions	Members of the Public	Financial Institutions
	Amount (€)	Amount (€)	Amount (€)
MGS 4.25% 2017 (III) offered for members of the public at the Price of €101.25	241,063,300	52,563,300	62,500,000

MGS 5.25% 2030 (I) F.I. offered for members of the public at the Price of €101.50	85,721,400	55,221,400	29,500,000

TOTAL	326,784,700	107,784,700		92,000,000

The Treasury said that all subscriptions by the public amounting to Euro 107,784,700 will be accepted in full.

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15 Comments

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N.Azzopardi

Feb 19th 2011, 04:43

@GiovDeMartino
Mhux qed tara kemm hawn guh. Nahseb dawn l-istocks inxtraw mill-barranin. Hallina siehbi ara veru m'ghandkhomx ghajnejn. Kullhadd jaghajjat bil-krisi, u fit-toroq bil-protesti u ahna qiesu ma gara xejn.Jekk trid tmur tiekol il-lejla jew ghada f'nofs in-nhar, cempel u ibbukkja ghax inkella bil-guh tibqa. lol

John Vella

Feb 18th 2011, 19:43

And with these we have also to add the savings in banks as described by the HSBC chairman this morning. "Customer deposits grew by €376.2 million in 2010 to €4,462.9 million, testimony to the trust customers continue to place in HSBC during a period characterised by a number of bond issues and growing competitive pressures".........This is further proof of a strong economy, and the oppisition in Malta is wasting all this time in Parlament...Dr Gonzi, do not fall for this trap. Continue to focus on the things that count..

Alfred Farrugia

Feb 18th 2011, 18:48

This is good news, especially in the case of the members of the public. Good luck to those who have the money to invest. I just have a few questions. Can the authorities concerned let us know whether any of these stocks have been requested by foreign entities, or local ones representing foreign entities? On Euronews it was stated recently that the Chinese are investing in a number of European countries, including Mediterranean ones. What is the current policy if this situation were to happen in Malta? Are there any investigative journalists around?

jesmond zammit

Feb 18th 2011, 17:53

tiskanta kemm hawn gid. hux hekk issa johorgu l kori tal angli jghidu.

P Borg

Feb 18th 2011, 17:20

The demand for the 4.25% stock was indeed impressive! EUR241 million is no joke!! When considering an excessive demand of EUR126 million, this will probably have a positive effect on the stock price.

GiovDeMartino

Feb 18th 2011, 17:09

Qatilna bil-guh dal-Gvern!

R.Borg

Feb 18th 2011, 16:59

Another exercise of trust in the Government.
Well done!

Mark Piscopo

Feb 18th 2011, 16:01

Mhux bilfors qed jigri hekk ,kulhadd qed jigbed l-flus mil banek u jitfaghhom fil bonds tal gvern biex jaqla dik xi haga imghax peress li l-banek mhemm xejn imghax. Jiena u hafna hbieb tieghi hekk ghamilna. Peres li ghandna paga baxxa hafna tfajna li kellna mfadlin gol bank go dawn il bonds biex naqilghu xi haga u forsi nlahhqu mal hajja!

R Saliba

Feb 18th 2011, 17:29

tant hi baxxa hafna l paga tieghek li ma stajtx tahhaq mal hajja.. Pero -min naha l ohra- ghandek bizzejjed imfaddla li stajt tnvesti fil bonds.. hafna sens l argument tieghek.

M Grech

Feb 18th 2011, 17:45

Maybe that's why HSBC was today reported an increase in profit. It was your money in the bank that was hindering its operations. How I love to learn something new every day!

Peter Bonnici

Feb 18th 2011, 18:14

Mark Picopo. Interest rates are low in order to encourage people to spend and/or invest in economic activity. They usually rise once the economy starts to 'overheat' risking a boom and bust situation. Doesn't Super One news teach you anything?

Jennyfer Depasquale

Feb 18th 2011, 16:00

X'faqar hawn!

M.Curmi

Feb 18th 2011, 15:59

No...no....there's no money being invested in Malta. People are living in distress and the economy is faltering.....this is what someone is always saying. but can they explain this news? I bet that it won't be mentioned on ONE (like all the news articles which show any investments in Malta)

wally vella-zarb

Feb 18th 2011, 17:55

Is this what you consider "money being invested in Malta"? It is simply an indication that people prefer to put their money in bonds rather than to leave it idling in a bank account and earning practically nothing. Real investment would be in industry and other companies; the poor participation by the general public in shares at the stock exchange should be enough to show you the real situation.

M.Curmi

Feb 19th 2011, 00:06

@ Wally Vella Zarb

In fact we've had Lufthansa Technik, SR Technics, Mazars among the companies investing in our country, besides other investments by local companies in their respective work (e.g. Farsons). As regards shares, what I know is that each time a local company issues shares for sale, these are fully subscribed within the first morning of the day of issue. If a person doesn't have any fiesable amounts of Euros to invest (due to the problems we all know about, but which someone is trying to magnify) he/she would never invest in these kind of stocks, since these are tied for a certain amount of time, unless sold previously. thus he/she wouldn't have access to them....

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Government stock issue oversubscribed

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