Last Thursday afternoon the Treasury of Malta issued a press release informing market practitioners that subscriptions from the General Public for the two Malta Government Stock (MGS) issues exceeded €200 million and therefore the tendering process for institutional investors was being cancelled. This may have surprised many market followers, especially since in the last MGS issue in October 2015, the public 'only' applied for €88.2 million. The full details on the recent MGS offerings have not been published as yet. However, the statistics should amply indicate that the 20-year issue was... This article is part of our premium content. Full story is available on Times of Malta Premium.
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