Prices for each stock in the €100 million Malta Government Stock issue which begins to open in separate tranches tomorrow have been announced.

The issue is subject to an over-allotment option of an additional €50 million. Interest is payable half -yearly in arrears. Applications for the separate tranches begin to open on August 2.

The 3.75% MGS 2015 (VI) Fungibility Issue has been priced at €102.50 with a yield to maturity of 3.233%, which corresponds to annualised rate of 3.259%.

The 5.25% MGS 2030 (I) Fungibility Issue is priced at €100 with a yield to maturity of 5.25%, which corresponds to annualised rate of 5.318%.

The issue opens tomorrow and closes on Wednesday at 5 p.m. for applications by any single and/or joint applicants which in the aggregate do not exceed €100,000 per person; and on Friday at noon for sealed bid applications.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.