Closure and Allocation of New MGS Issue

The Treasury announced that due to the strong demand for the Malta Government Stocks (MGS) from retail investors in the MGS issuance of October 2022, the offer was closed on Wednesday, October 12, 2022. The amount of subscriptions from retail investors was just below €300m. The Treasury shall exercise its oversubscription option up to a maximum of €100 million such that the aggregate amount to be allocated will be increased up to a maximum amount of €300 million.

In this regard, the auction which was scheduled to be held at noon on October 14, 2022 is being cancelled as no material volume is left available for allocation under the auction/bid system.  All the applications submitted by the members of the public which are in compliance with the terms of the Offering Circular and the General Prospectus will be accepted in full.

Click here to view the official press release by the Ministry for Finance and Employment.

Jesmond Mizzi Financial Advisors Limited of 67, level 3, South Street, Valletta, Malta, is licensed to conduct investment services business by the MFSA under the Investment Services Act and is a Member of the Malta Stock Exchange. The value of investments can go down as well as up. Investors may get back less than their initial investment & past performance is no guarantee of future performance.