A Malta government stock issue that ended on Wednesday was significantly oversubscribed, figures released by the Treasury have indicated.
The stock issue was for a total of €140 million, with an additional allotment of another €80 million set aside in case additional bids were submitted by the deadline of noon on Wednesday.
The Treasury received 76 bids in all, with their total value coming in at €290.3 million - significantly higher than the €220 million total made available.
Bids came in for three different stocks:
A stock issue that runs to 2027 with interest rates of 0.4 per cent received €129 million in bids for a total allotment of €79.7 million.
A stock issue running to 2035 with an interest rate of 1% received €68.3 million worth of bids. €66.8 million of those bids will be allotted.
The longest-running stock issue – a 2% stock that runs until 2051 – received €93 million in bids, of which €73.5 million will be allotted.
More information can be found on the MGS Issuance Results report published on the Treasury’s website at www.treasury.gov.mt.