The Treasury announces that due to the strong demand for the stocks offered in the latest Malta Government Stock issuance, the subscription in the Malta Government Stocks was closed on Monday 17th October 2016 at 2:30 pm shortly after the amount of applications received from members of the public exceeded the amount on issue and the over-allotment option. In addition to the amount on issue, that is €100 million, the Treasury shall exercise its option to utilise the additional sum up to a maximum of €60 million such that the aggregate amount to be allocated will be increased up to a maximum amount of €160 million.
In this regard, the aggregate amount not exceeding €160 million shall be allotted to the members of the public in terms of the Allotment Policy stipulated under Paragraph 4 of the Prospectus dated 7th October 2016. The details of the allotment policy will be published by a Press Release and communicated on the Treasury’s website immediately after the vetting of applications for compliance with the provisions of the prospectus.
In view of the above, no further applications from the members of the public will be accepted and the auction which was scheduled to be held at noon on Monday 24th October 2016 is being cancelled as no volume is available for allocation under the auction/bid system.