The Accountant General announces that by 5.00 p.m. of 16th October 2017, the closing date of the 62+ Malta Government Savings Bond Second Issue, the applications received by the Treasury were as follows:

 

Category of Applicants

No of Applications

Amount (€)

New Applicants (Cat. A)

3,974

31,194,800

September Applicants (Cat. B) – participating with their unallocated amounts from the September issue

8,954

33,117,400

Total

12,928

64,312,200

 

 

As stipulated in article 10 (a) and (b) of the prospectus, the new applicants (Cat. A) will be subject to the same allocation policy applied for the applicants of the first issuance of the 62+ Malta Government Savings Bond held in September 2017.  After this allocation exercise is concluded, the remaining amount from the €30 million on issue, will be allocated among all the eligible applicants of the 62+ Malta Government Savings Bond of October 2017, made up of Category A and Category B applicants.

 

The details of the second element of the allotment policy will be communicated through a Press Release and published on the Treasury’s website immediately after the vetting of applications for compliance with the provisions of the prospectus.

 

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 bank account indicated by the applicant for the payment of interest. No interest is due on any unallocated amounts until such amounts are refunded.

 

In the coming days, the Treasury will issue another press release announcing the date when the refunds of all unallocated funds will be issued together with the final results including the actual number of applications accepted and the actual nominal amount allocated in the 62+ Malta Government Savings Bond of October 2017.  The interest in the 62+ Malta Government Savings Bond of October 2017 starts to accrue from Friday 20th October, 2017.