Government stocks issues oversubscribed
5,525 applications/bids having a total nominal value exceeding 295 million euros were received for the authorised sum on issue of 100 million euros (subject to an over-allotment option for an additional amount of 44 million euros) for the latest issues of fixed rate Malta Government Stocks, the Treasury said.
It said is allotting the accepted amount as hereunder:
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Applications/BidsReceived |
Allotment |
||
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Members of the Public/Financial Institutions |
Members of the Public |
Financial Institutions (Auction) |
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Nominal (€) |
Nominal (€) |
Nominal (€) |
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4.25% Malta Government Stock 2017(III) FI offered for members of the public at the Price of €103.75 |
107,421,900 |
16,070,900
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3,000,000 |
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MGS 5.2% 2031 (I) offered for members of the public at the Price of €100.75 |
187,637,000 |
118,036,900
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6,880,000 |
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All subscriptions by the public amounting to 134,107,800 euros will be accepted in full.
The treasury received 11 bids having a total value of 44.5 million euro for the floating rate Malta Government Stock against the authorised sum on issue of 24 million euro.
It is allotting the accepted amount as hereunder:
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By Auction |
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Bids Received |
Allotments |
|
|
Nominal (€) |
Nominal (€) |
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Floating Rate MGS 2014 (V) linked to 6 month Euribor |
44,500,000 |
24,000,000 |
16 Comments
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Paul Cassar
Nov 19th 2011, 09:38
POINTS TO PONDER BEFORE WE START EMPTY BOASTING :
Only 5000 applications ?????
How many are individual, private investors ?????
Economically, this means that there are FEW INVESTMENTS OPPORTUNITIES...................when people prefer to invest
their money thus. ........................................................Economists surely know what I mean.
Carmel Grima
Nov 19th 2011, 08:35
Imbaghad jghidu li f'Malta kulhadd se jsir fqir ghax l-ewwel idumu ma jhallsu il-kontijiet u wara li jitilghu mhux hazin jarawhom hafna u jibdew igergru. is-soluzzjoni hi PRIORITIES habib. Sigaretti, ikel fir-restaurants meta ghandek ikel ahjar id-dar, dufrejn musbuhha u juru li min ghandu hekk ma hux tax-xoghol ghax lanqas lapes ma jista' jaqbad; ix-xoghol igib il-gid u l-ghass igib id-dgergir.
victor caruana
Nov 19th 2011, 08:28
To ignoramuses: these bids where subscribed by only 5000 members of the public. Not really a popular subscription, is it? Not surprised, as John Dalli said the distribution of health has never been so skewed as it has been the last years!!!!!
V Caruana
Nov 19th 2011, 08:25
Kien hemm 5525 applikazzjoni. Membri tal-pubbliku ħadu €134,107,800.
Kieku l-offerti tal-pubbliku ittieħdu minn dawn l-applikazzjonijiet mela kull "pubbliku" investa ras għal ras €24,200. min hu il-pubbliku? għax biex tfaddal €24200 trid veru taqdef. Jekk fuq kollox mhumiex il-bloggers ta' hawn taħt! 5525 applikazzjoni mhumiex ħafna. Is-sitwazzjoni turi li the rich is gets richer, the poor gets poorer and the middle class got squezzed.
Għallinqas min għandu stokks antiki jista jserraħ moħħu li se jieħu flusu lura.
Mark Galea
Nov 18th 2011, 21:17
Jien nahseb li s-supporters tal-PL mhux sewwa jixtru dawn l-istocks, ghax huma ma jemmnux fil-gvern. Ghax ma jhalluhomx ghal haddiehor li jafda aktar l-gvern?
Joe Vella
Nov 18th 2011, 19:03
Amazing, individual subscriptions for 134,000,000.00 Million Euros for an issue of 100 Million Euros. What a vote of confidence in the Government.
J.C. Borg
Nov 18th 2011, 18:59
Tant hawn ghaks f'Malta (skot il-PL) li kull ma offrewlu li-Gvern aktar mid-doppju li talab.
R. Gauci
Nov 18th 2011, 19:48
Int min tahseb li jixtrihom dawn? Il-5% tal-pajjiz li ghandhom in-95% tal-gid jew in-95% l-ohra? Nispera li fhimtni.
J.C. Borg
Nov 18th 2011, 20:37
Mr Gauci - jekk qrajt l-artiklu kollu, suppost indunajt min qed jixtrihom.
Mr ALBERT LEONE GANADO
Nov 18th 2011, 17:47
Good and encouraging news which clearly shows that there is still a great deal of belief and trust that we are not om the same downward financial path as other European countries. As regards the current stock issue it success is reassuring and sends a positive message to Europe when one considers that all the stock was taken up locally and also that the yield margin from triple A-rated debt is very reasonable and well below that other European countries in trouble have to pay.
However we must not be complacent and rather than being smug we must redouble our efforts to ensure a balanced budget at the earliest.. Let us hope that the Finance Minister got his projected figures right in the current budget for there is no worse enemy to financial trust than getting the balance between revenue and expenditure wrong and having to make further recourse to borrowing.
H. Psaila
Nov 18th 2011, 17:24
Mela hawn il-faqar hawn Malta kif jghid is-Sur J. Muscat. Qieghed jidher kemm hawn faqar ghaliex gew mahtufin dawn l'istocks tal-gvern. Veru hawn ahna hafna hafna ahjar minn pajjizi girien taghna fejn hemm taxxi tal-awsterita.
A Spiteri
Nov 18th 2011, 17:36
ajdilna kemm hatt minnhom dawn inti . halli tilluminana kemm hawn flus fl idejn
Mr. R. Saliba
Nov 18th 2011, 17:49
A Spiteri. igiferi skont int mhux vera? il-5,525 applications gidba? Tant m'hawnx flus fl-idejn li illejla nahseb l-anqas ha jifthu ir restoranti ghax kulhadd gewwa b'bozza tal 4 watts energy saving ghax dik jaffordja. Jew forsi trid tghid li dawk li xtraw l-istocks u dawk li jaffordjaw johorgu huma kollha hbieb ta gonziPN? Ghax jien lanzit biss nara meta naqra certi kummenti
H. Psaila
Nov 18th 2011, 18:37
@A. Spiteri - kumment veru banali u bla sens. Jiena ma hadt xejn imma it-tabella tghidlek li il-publiku biss ha 16,070,900 Euros. Jew inkella ma tafx taqra u ma tafx tara il-figuri.
H. Psaila
Nov 18th 2011, 19:43
@ A. Spiteri - u biex inkompli dawk li semmejt 16miljun Euro jaghlqu f'2017 u minbarra dawk 118miljun Euro ohra li jaghlqu 2031. Hu dan mhux l'ewwel stock li hareg il-gvern u inhataf, barra li hargu stocks minn ditti u banek li wkoll gew mahtufin fi zmien qasir. Veru u tabilhaqq hawn il-faqar hawn Malta hux?
Philip Hili
Nov 18th 2011, 17:13
Mhxu talli....ma nafx ezatt meta imma minghalija nhar it-tlieta, d-deputati fuq in-naha tal-gvern tawh vot ta' fiducja, issa l-poplu Malta rega' ikkonferma dik il-fiducja!!!
Ara ftit, hadd ma jaqbel ma kif qieghed imexxi "par idejn sodi!" Ha! Ha! Ha! Lanqas fdawh bi flushom! Jekk inti xi wiehed milli tikkritika lil-gvern u kellek xi kemxa taht is-saqqu pero' ippreferejt tghaddiha lil-gvern, heq!! inti taf xi thoss.