Government of Malta - New Stock Issues

On 30 June 2023, the Treasury announced the issue of 3 new Malta Government Stocks for an aggregate nominal amount of €270 million subject to an over-allotment option of up to a further €130 million.

The 3 new fixed rate stocks are:

• The 3.55% MGS 2026 (V) [Offered to both Retail and Institutional Investors];
• The 3.75% MGS 2033 (III) [Offered to Institutional Investors only]; and
• The 4.00% MGS 2038 (I) [Offered to Retail Investors only].

The prices of these three new MGS’s will be announced on Thursday 6 July 2023 in the afternoon.

The General Public has the possibility of applying for the 3.55% MGS 2026 (V) and 4.00% MGS 2038 (I) in multiples of €100 and up to a maximum of €499,900 (nominal) per application.

For applications in excess of €500,000 (nominal) with respect to 3.55% MGS 2026 (V) and 3.75% MGS 2033 (III), a tendering process applies.

Subscriptions for the General Public open on Monday 10 July 2023 and close on Wednesday 12 July 2023 at 14:30 hrs – or earlier at the discretion of the Accountant General. On the other hand, tenders in the form of sealed bids will open on Friday 14 July 2023 and close on the same day at 12:00 hrs (noon) – or earlier at the discretion of the Accountant General.

Further information is available in the Offering Circular dated 30 June 2023 issued by the Government of Malta. Pricing details will be announced on our website on Thursday 6 July 2023 in the afternoon.

For any clarifications, please send an email to info@rizzofarrugia.com or contact us on +356 2258 3000.