Allotment of Government Stocks – July/August 2014

There was exceptionally strong demand for the latest Government Stock Issues, with the Treasury exercising the over allotment option of €80 million, thus bringing the total issuance to €180 million. The Treasury has announced all the relative details pertaining to the latest MGS issue and the allocation policy as follows:

MGS 2% 2020 (V)  – all applications will be accepted in full

A total of 39 applications for a nominal value of €6,044,300 were received and accepted in full.

MGS 4.1% 2034 (I) – applications up to €70,000 will be accepted in full

A total of 5,615 applications for a nominal value of €187,446,500 were received.

All applications up to €70,000 will be accepted in full while any applications in excess of €70,000 will be allotted €70,000 plus an additional 40% of the remaining  balance rounded up to the nearest €100.

Refunds of unallocated monies will be effected before the issue of relevant Registration Advice from the Malta Stock Exchange and will be paid by direct credit in the account indicated for the payment of interest on the application form. No interest shall be due on refunds or other amount pending allotment.

Should you have any queries, please do not hesitate to contact us.