Malta Government stock bids exceed authorised sum, maximum over-allotment amount deployed

Bids on Malta’s Government stock in February exceeded the authorised sum of €180 million, so the maximum over-allotment sum of €120 million was deployed, the Treasury announced on Thursday.

The Treasury revealed that by the closing date on 24th February 2021, 106 bids to a nominal value of €408.8 million were received and accepted in February.

From these bids, the Treasury has allocated €300 million, it said.

The most popular stock in February was the 0.4 per cent 2027 option, which received €241,400,000 in bids, before being reduced to a nominal allotment of €146,600,000.

Both the 1.4 per cent 2046 option and 1.0 per cent 2035 option received similar interest, receiving a nominal allotment of €76,000,000 and €77,400,000 respectively.

February Government stock bids and allotments. Source: Treasury

The Treasury initially announced that it would be issuing €180,000,000 Malta Government Stock, with an additional €120,000,000 available in the case of over-allotment on 16th February.

Written by

Solomon Cefai

Solomon has an interest in financial markets and innovative business practices. He also loves literature and music. As such, you might find him on the seafront with a cold Kinnie, his trusty headphones, and a good book.

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