Malta Government Stocks - 2019 MGS Indicative Calendar

Monday, January 28th, 2019

On 28 January 2019, the Treasury of Malta announced that the amount of issuance of Malta Government Stocks (“MGS”) during 2019 will not exceed €450 million. The funds raised will be principally used to finance the redemption of six MGS issues which, in aggregate, amount to €435.9 million.

The Treasury explained that it will be issuing three different types of securities – the conventional fixed rate MGS; floating rate MGS linked to the six-month Euribor primarily targeted to institutional investors (assuming the completion of the Euribor Reform); as well as Malta Government Retail Savings Bonds similar to the savings bonds issued in 2017 and 2018. The Treasury is aiming to spread its issuance programme over 4 to 5 issues whilst the maturity structure will be a mix of short and medium to long term MGS. Full details of the MGS on offer and the respective amounts and maturities will be published one to two weeks prior to each offer.

Meanwhile, the Treasury also explained that it will continue to hold auctions for treasury bills on a weekly basis.

Print This Page Print This Page