Government of Malta - Pricing of New MGS Issues

On 16 February 2023, the Treasury Department established the prices for the two new Malta Government Stocks as follows:

(i) 3.50% MGS 2028 (VI) at 101.25% for every €100 nominal giving a yield-to-maturity of 3.2434% per annum; and

(ii) 4.00% MGS 2043 (I) at 100.00% for every €100 nominal giving a yield-to-maturity of 3.9996% per annum.

The total aggregate amount is of €200 million subject to an over-allotment option of up to a further €150 million.

The General Public has the possibility of applying for these stocks in multiples of €100 and up to a maximum of €499,900 (nominal) per person. For applications in excess of €499,900 (nominal), a tendering process applies. Subscriptions for the General Public open on Monday 20 February 2023 and close on Wednesday 22 February 2023 at 14:30hrs or earlier at the discretion of the Accountant General. Tenders in the form of sealed bids will be accepted until 12:00 hrs (noon) on Friday 24 February 2023.

Further information is available in the Offering Circular dated 9 February 2023 issued by the Government of Malta. For any clarifications, please send an email to or contact us on +356 2258 3000.

This ADVERTISEMENT has been issued by Rizzo, Farrugia & Co. (Stockbrokers) Limited which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The Company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.