PR240334en

01/03/2024

PRESS RELEASE BY THE MINISTRY FOR FINANCE Final results and allotment of retail subscriptions – Malta Government Stocks – February 2024

With reference to Press Release No. 240293 published on the 23rd of February 2024, the Treasury Department announces the final results including the allotment of retail subscriptions in each stock.

 

In this issue, the Treasury received a total nominal amount of €510,895,600 from both retail and wholesale investors against the authorised sum on issue of €270,000,000 subject to an over-allotment option for an additional amount of up to a maximum of €130,000,000.

 

Subscriptions by Retail Investors

 

By the closing date at 2.30 p.m. on Wednesday 21st February 2024, the Treasury received 3,821 applications from retail investors in the two Malta Government Stocks amounting to €107,995,600. As already announced, these applications which were made under the non-competitive part of the issuance at pre-announced fixed price have been accepted in full.

 

The details of applications received and allotment in each stock is as follows:

 

Stock DescriptionNo. of applications receivedNominal Amount Allotted (€)
3.15% Malta Government Stock 2027 (VII) offered for retail investors at the price of €100.00 (par)1,33131,917,000
   
3.35% Malta Government Stock 2029 (V) offered for retail investors at the price of €100.00 (par)2,49076,078,600
   
Total subscriptions by retail investors3,821107,995,600

 

Competitive Auction – Wholesale Investors

 

By the closing date at noon on Friday 23rd February 2024, the Treasury received 70 bids from wholesale investors in the two stocks having a total nominal value of €402,900,000 which were allocated as follows:

 

 Bids received in the AuctionAllotment
Stock DescriptionNo.Nominal Amount (€)No.Nominal Amount (€)
3.15% Malta Government Stock 2027 (VII)1349,500,000830,500,000
     
3.35% Malta Government Stock 2029 (V)57353,400,00044*260,650,000
     
Total subscriptions by wholesale investors70402,900,00052291,150,000

 

*Two bids at the cut-off price were partially accepted.

 

More information can be found in the MGS Issuance Results published on the Treasury Department's website at www.treasury.gov.mt.​