Government of Malta - Closure of MGS Issue

On 12 October 2022, the Treasury Department announced that due to the strong demand for the new Malta Government Stocks from retail investors, the auction which was scheduled to be held on Friday 14 October 2022 has been cancelled. Indeed, the amount of subscriptions from retail investors was just below €300 million and the Treasury will thus exercise its over-subscription option up to a maximum of €100 million such that the aggregate amount to be allocated will be increased up to a maximum amount of €300 million.

The Treasury noted that all applications submitted by retail investors will be accepted in full, and that another MGS issuance will take place in mid-November 2022.