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.