Government of Malta - Results of MGS Issue

On 24 April 2026, the Treasury Department announced that it received applications totalling around €893 million (nominal) for the two new Malta Government Stocks. The Treasury had offered a total of €300 million (nominal), with the option of increasing the aggregate amount by a maximum amount of a further €200 million (nominal). The Treasury exercised virtually all of its over-allotment option and allotted a total of €499 million (nominal).

Subscriptions from retail investors at the fixed prices established by the Treasury Department amounted to around €209 million (42% of the total allotment) and all applications in compliance with the terms of the Offering Circular will be accepted in full. The Treasury explained that the final nominal amount allotted to retail investors for each MGS will be published once the vetting of applications is completed.

The Treasury also allotted a total of €290 million (nominal) to institutional investors participating in the competitive auction bids. The statistics published by the Treasury indicate that €171 million were allotted in the 3.80% MGS 2036 (III) at prices ranging from a high of 100.00% (translating into a yield-to-maturity of 3.7998%) to a cut-off price of 99.25% (YTM: 3.8914%). The weighted average price for accepted bids was of 99.38%, which translates to a YTM of 3.8754 %.

In the 4.10% MGS 2041 (II) a total of €119 million (nominal) were allotted at prices ranging from a high of 100.00% (translating into a yield-to-maturity of 4.0997%) to a cut-off price of 97.39% (YTM: 4.3318%). The weighted average price for accepted bids was of 97.59%, which translates to a YTM of 4.3136%.

Download a copy of the April 2026 – Malta Government Stock Issue Interim Report published by the Treasury Department.

On 5 May 2026, the Treasury Department published the April 2026 – Malta Government Stock Issue Final Report.