Government of Malta - Revised 2018 MGS Indicative Calendar

On 19 July 2018, the Treasury of Malta announced that the amount of issuance of new Malta Government Stocks (“MGS’s”) during 2018 will now not exceed €300 million. This is €50 million lower than the amount indicated in the Annual Borrowing Plan dated 30 January 2018.

Moreover, following the issuance of a total of €93.53 million in new MGS’s since the start of the year, the Treasury is now envisaging that the remaining balance of approximately €206 million will be spread over two to three issuances of varying maturities. Nonetheless, the Treasury will continue to adopt a degree of flexibility to adapt to changing market conditions and where necessary review and re-arrange the amount that will be allocated for each issue as well as the intervals of the issuances. Full details of any new MGS’s on offer and the respective amounts and maturities will be published one to two weeks prior to each offer.