Allotment Policy: Malta Government Stocks – February 2016

The Treasury announced the allotment policy to be applied for applications received by the members of the public as provided for under paragraph 4 (c) of the Prospectus issued on the 12th February 2016. The Treasury shall exercise its option to utilise the additional sum of up to €80 million such that the aggregate amount to be allocated will be increased up to a maximum amount of €200 million.  The allotment in the first issue of Malta Government Stocks for 2016 among the members of the public shall be as follows:-

MGS 1.5% 2022 (IV)

33 applications subscribed in the 1.5% MGS having a nominal value of €3,000,200 will be accepted in full.

MGS 2.5% 2036 (I)

The remaining balance available for allocation will be allotted from the nominal amount of applications received in the 2.5% MGS 2036 (I) which amounted to just below €199 million as follows:

·         applications up to Euro 90,000 in nominal terms (including those applications submitted by each applicant under the nominee system) shall be met in full;

·         applications in excess of Euro 90,000 in nominal terms (including those applications submitted by each applicant under the nominee system) shall receive a minimum of Euro 90,000 nominal per applicant plus an additional 53% of the remaining unallocated balance per applicant rounded up to the nearest Euro 100.

In this regard the Treasury shall be satisfying nearly 98.9% of the total nominal amount of applications received in the 2.5% MGS 2036 (I).

As stipulated in the prospectus, interest on these Malta Government Stocks commenced accruing as from Monday 29th February 2016.