MeDirect Bank (Malta) plc is currently accepting applications for the new Malta Government Stocks (“MGS”) for a total aggregate amount of €270,000,000 subject to an over-allotment option of €130,000,000 in the event of over-subscription.
Applications close on Wednesday, the 9th of October 2024 at noon, or earlier at the discretion of the Accountant General.
The new fixed rate bonds are:
MT0000013962 – 2.80% Malta Government Stock 2030 (III)
- Interest payable semi-annually in arrears on 27th of February and the 27th of August.
- The first pro rata interest payment covering period from the 14th of October 2024 to the 26th of February 2025 (both dates inclusive) will be made on the 27th of February 2025 @ 1.034783%.
The bond will be offered at €100.00 with a YTM of 2.7996% which corresponds to an annualised rate of 2.8192% and will mature on 27th of February 2030.
MT0000013996 – 3.25% Malta Government Stock 2034 (IV)
- Interest payable semi-annually in arrears on the 5th of March and the 5th of September.
- The first ·pro rata interest payment covering period from the 14th of October 2024 to the 4th of March 2025 (both dates inclusive) will be made on the 5th of March 2025 @ 1.274862%.
The bond will be offered at €100.00 with a YTM of 3.2497% which corresponds to an annualised rate of 3.2761% and will mature on 5th of September 2034.
The general public has the possibility of applying for these bonds in multiples of €100 and up to a maximum of €499,900 (nominal) per person.
Prospective investors are requested to read the Press Release issued by the Ministry of Finance together with the Offering Circular, the General Prospectus and the relevant Amendment, which can be accessed via https://treasury.gov.mt/en/resources/publications/new-issuance-of-malta-government-stock-october-2024/.
If you are interested in applying, please send us a Secure Mail or contact your existing Relationship Manager.
For further information, please call us on (+356) 2557 4400 or send an email to info@medirect.com.mt.
The information set forth in this email is only for informative purposes and should not be construed as an offer to sell or solicitation of an offer to subscribe for or purchase any investment. The information provided is subject to change without notice and does not constitute investment advice or any guarantee of returns. Please consider the terms and conditions governing the relevant investment prior to making any investment decision. Investors should note that at worst they may lose all of their invested principal in the event of default, insolvency and/or bankruptcy of the relevant issue. The financial instruments discussed may not be suitable for all investors and investors must make their own informed decisions and seek their own advice regarding the appropriateness of investing in financial instruments or implementing strategies discussed herein.
MeDirect Bank (Malta) plc has based this document on information obtained from sources it believes to be reliable but which have not been independently verified. MeDirect Bank (Malta) plc does not therefore provide any guarantees, representations or warranties. The value of any investment or income may go up as well as down and past performance is no guarantee of any future performance. When an investment is denominated in a currency other than your local or reporting currency, changes in exchange rates may have an adverse effect on your investment.
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