Closure of the Government stock issue – July 2014
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 Stock was closed on Wednesday 30th July 2014 at 5.00pm shortly after the amount of applications received from members of the public exceeded the amount on issue and the overallotment option.
The Treasury shall exercise its option to utilize the additional sum of €80 million such that the aggregate amount to be allocated will be increased to €180 million.
In this regard, the aggregate amount on issue of €100 million plus the over allotment of €80 million shall be allotted to the members of the public in terms of the Allotment Policy stipulated under Paragraph 4 of the Prospectus dated 15th July 2014. This will be announced in due course.
In view of the above, the auction which was scheduled to be held at noon on Monday 4th August 2014 is being cancelled as no balance is available for allocation under the auction/bid system.