Longer-dated bonds curb declines
In the Local Sovereign Debt market, the limelight was on the longer-dated bonds as those holding a maturity greater than 11 years registered the highest gains – easing the downward pressure exerted last week.
A total of 24 issues were active of which 15 headed north, while nine closed in the red. Total turnover in this market amounted to €9.66 million. For the second consecutive week, the 2.1% MGS 2039 (I) r continued to add to last week’s increase, notching a gain of 0.5 per cent to close at par.
On Thursday, the Accountant General announced that a second issuance of up to a maximum of €30 million of the 62+ Malta Government Savings Bond is being offered to individuals born in 1955 or before who did not participate in the September 2017 issuance and to applicants who applied for more than €5,000 in the first issuance and whose amounts were not allocated in full.
The 62+ Malta Government Savings Bond October 2017 Issue is being offered with similar terms and conditions to those of the September 2017 Issue.
Applications will be received on October 16 for amounts up to a maximum of €10,000 and a minimum of €500.
Application will close on the same day and will be subject to the...