The Accountant General announces that by the closing date at 2.30 p.m. on Monday 4th October 2021, the Treasury received 15,531 applications having a total nominal value of € 133,807,800 against the authorised sum on issue of €65 million, subject to an over-allotment option of an additional amount up to €35 million, in the event the amount on issue is oversubscribed.
As announced in the press release issued on 5th October 2021, the Treasury exercised the over-allotment option referred to in article 11 of the Prospectus in full, such that the aggregate amount allocated has been increased up to a maximum amount of €100 million.
The table below shows the subscriptions by (i) new applicants (Category ‘A’) and (ii) existing holders (Category ‘B’) in any of the previous issuances of the 62+ Malta Government Savings Bonds:
As stipulated in article 12 (a) of the prospectus, preference has been given to new applicants classified under Category ‘A’ who have been allotted the full amount they applied for. The remaining amount has been allocated amongst Category ‘B’ applicants categorised as existing holders, as follows;
- applicants subscribing up to and including €6,000 have been met in full;
- applicants subscribing above €6,000 have been allotted a minimum of €6,000 per applicant plus an additional 5% of the remaining unallocated balance rounded up to the nearest €100. By way of example, the table below shows the amount of bonds that would be allocated to Category ‘B’ applicants for different amounts applied for, based on the allocation policy as described above.
In this regard, the Treasury allocated the amount of € 28,239,800 among the new applicants (Category ‘A’) and €71,275,900 among the applicants who are already holders in any one of the previous issues of the 62+ Malta Government Savings Bonds (Category ‘B’). The total amount allocated between the two categories was €99,515,700.
As stipulated in the prospectus, interest on the allocated amounts commenced accruing as from 15th October 2021. Additional information can be found on the issuance results of the 62+ Malta Government Savings Bond – Issue 2021 published on the Treasury’s website at www.treasury.gov.mt.
It is planned that refunds amounting to €34,292,100 of unallocated monies in respect of Category ‘B’ applicants will be affected on Wednesday 27th October 2021 by credit transfer through the SEPA scheme in the IBAN nominated by the applicant in the application form.