The Treasury has announced the allotment policy to be applied for applications received from the public for the €180 million stock issue.  

MGS 2% 2020 (V) Fungibility Issue

Forty-four applications subscribed in the 2% MGS 2020 (V) FI having a nominal value of Euro 6,011,300 will be accepted in full.

MGS 3% 2040 (I)

The remaining balance available for allocation will be allotted from the nominal amount of Euro 437,129,500 of applications received in the 3% MGS 2040 (I) as follows:

• Applications up to and including €10,000 in nominal terms (including those applications submitted by each applicant under the nominee system) shall be met in full;
• Applications in excess of €10,000 in nominal terms (including those applications submitted by each applicant under the nominee system) shall receive a minimum of Euro 10,000 per applicant plus an additional 12% of the remaining unallocated balance per applicant rounded up to the nearest Euro 100.

Interest started as from yesterday.

Refunds of unallocated funds will be effected before the issue of relevant Registration Advice from the Malta Stock Exchange and will be paid by credit transfer through the SEPA scheme in the IBAN indicated in the respective application form for the payment of interest. 

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