Malta Government Stocks – July 2023

Issue of Malta Government Stocks

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 12th July 2023 at 14:30 hrs., or earlier at the discretion of the Accountant General.

The new fixed rate bonds are:

3.55% Malta Government Stock 2026 (V)

  • Interest payable semi-annually in arrears on 8th January and 8th July.
  • The first interest payment will be made at the rate of 1.688179% and will include accrued interest for the period from 17th of July 2023 to the 7th of January 2024 (both dates inclusive) will be made on the 8th January 2024.

The bond will be offered at €100.00 with a YTM of 3.5497% which corresponds to an annualised rate of 3.5812% and will mature on 8th July 2026.

4.00% Malta Government Stock 2038 (I)

  • Interest payable semi-annually in arrears on the 25th February and 25th August.
  • The first interest payment will be made at the rate of 0.430939% and will include accrued interest for the period from the 17th July 2023 up to and including the 24th August 2023 (both dates included).

The bond will be offered at €100.00 with a YTM of 3.9997% which corresponds to an annualised rate of 4.0397% and will mature on 25th August 2038.

The 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 and the Prospectus.

If you are interested in applying, please send us a Secure Message via online banking or contact your MeDirect 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 article 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.

MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority under the Banking Act (Cap. 371) and the Investment Services Act (Cap. 370). This material shall not be reproduced in any way, whether in whole or in part. Any unauthorised disclosure, use or dissemination, either in whole or in part, of the material contained within is strictly prohibited.

MeDirect’s new debit card offers winning opportunities

MeDirect Malta has launched its first card service, giving customers the opportunity to apply for a debit card which can be used globally, wherever Mastercard is accepted. The launch of the new card, which can be obtained for free, means that customers can now easily access and spend the money held in their MeDirect accounts anywhere in the world. Cards can be ordered and managed fully online through MeDirect’s banking platform and Mobile App. Customers can apply for both physical and virtual cards which can be used for in store and online purchases as well as to make cash withdrawals.

To celebrate this launch, MeDirect is also giving its customers an opportunity of winning some fantastic prizes throughout this summer.  By using their MeDirect debit card for transactions, customers will be given one entry ticket to the competition with every transaction they carry out. The prizes for each month include a €1,000 voucher from Scan and a luxurious weekend break at The Westin Dragonara Resort. Additionally, customers have the opportunity to win a weekly prize of a €250 voucher to be used at any outlet of The Point. Further information, including the terms and conditions, can be found at https://promo.medirect.com.mt/card-win/.

Pawel Malukiewicz, Group Head – Channels and Customer Experience at MeDirect Group, said, “The launch of debit cards for our customers in Malta is an important step for MeDirect. Our mission, as Malta’s first digital bank, is to give customers the power to manage their money in the way they want to. Obtaining a MeDirect debit card is a simple and hassle-free process, completed entirely online with just a few clicks. The launch of cards is just one more step in MeDirect’s ongoing growth and transformation strategy.”

In addition to offering the services normally associated with debit cards, the MeDirect debit card, which is a free service, will offer the facility to seamlessly use current accounts in different currencies such as Euro, US Dollars or British Sterling. This means customers can make purchases in those currencies without attracting any foreign exchange charges at the point of purchase. MeDirect customers also enjoy additional benefits including free bank account transfers and no commitment and payment fees on their Current Accounts.

More information on MeDirect’s debit cards is available at https://www.medirect.com.mt/pay/cards/

Becoming a customer of MeDirect is also very simple and can be completed entirely online by visiting https://www.medirect.com.mt/ and clicking on ‘Become a client’.

MeDirect Bank (Malta) plc, company registration number C34125, is licensed to undertake the business of banking in terms of the Banking Act (Cap. 371). Promotion is for a limited time only. Terms and Conditions apply.


Debit Card ġdida ta’ MeDirect toffri opportunitajiet ta’ rebħ

MeDirect nieda s-servizz tal-cards. Il-klijenti tal-Bank issa jistgħu japplikaw għal debit card li tista’ tintuża globalment, kull fejn tiġi aċċettata Mastercard.  Permezz tad-debit card, il-klijenti issa jistgħu faċilment jaċċessaw u jonfqu l-flus miżmuma fil-kontijiet tagħhom. Il-cards jistgħu jiġu ordnati u immaniġġjati kompletament onlajn permezz tal-pjattaforma bankarja ta’ MeDirect u l-Mobile App. Il-klijenti jistgħu japplikaw kemm għal cards fiżiċi bla ebda ħlas li jistgħu jintużaw għal xiri mill-ħwienet u onlajn kif ukoll biex jiġbu flus kontanti, kif ukoll jistgħu japplikaw għal cards virtwali li jistgħu jintuzaw onlajn.

Biex jiċċelebra din it-tnedija, MeDirect qed jagħti lill-klijenti tiegħu l-opportunità li jirbħu premjijiet meraviljużi matul dan is-sajf. Ma’ kull tranżazzjoni li jwettqu bid-debit card ta’ MeDirect, il-klijenti se jkunu awtomatikament intitolati li jipparticipaw f’din il-kompetizzjoni. Il-premjijiet għal kull xahar jinkludu vawċer ta’ €1,000 mingħand Scan u weekend break lussuż f’The Westin Dragonara Resort. Barra minn hekk, il-klijenti għandhom l-opportunità li jirbħu l-premju ta’ kull ġimgħa ta’ vawċer ta’ €250 li jista jintuża fi kwalunkwe ħanut ta’ The Point. Aktar informazzjoni, inklużi t-termini u l-kundizzjonijiet, tinsab fuq https://promo.medirect.com.mt/card-win/.

Pawel Malukiewicz, Group Head – Channels and Customer Experience ta’ MeDirect Group, qal, “It-tnedija tad-debit cards għall-klijenti tagħna f’Malta hija pass importanti għal MeDirect. Il-missjoni tagħna, bħala l-ewwel bank diġitali Malti, hija li nagħtu lill-klijenti l-għodda sabiex jimmaniġġjaw flushom bil-mod li jridu. Il-process biex tordna debit card huwa sempliċi, u kompletament onlajn. It-tnedija tad–debit cards hija pass ieħor importanti fl-istrateġija ta’ tkabbir u trasformazzjoni ta’ MeDirect.”

Minbarra li toffri s-servizzi normalment assoċjati ma’ debit cards, il-card ta’ MeDirect, li hija b’xejn, se toffri l-faċilità li jintuzaw kontijiet kurrenti f’muniti differenti bħall-Ewro, Dollaru Amerikan u Sterlina Brittanika. Dan ifisser li l-klijenti jistgħu jagħmlu xiri f’dawn il-muniti mingħajr ma jkollhom jħallsu spejjeż abbinati mal-kambju tal-muniti meta jkunu qed juzaw il-card. Il-klijenti ta’ MeDirect ser jibqghu igawdu wkoll benefiċċji addizzjonali bħal trasferimenti ta’ flus lejn kontijiet bankarji oħra mingħajr ebda ħlas.

Aktar informazzjoni dwar id-debit cards ta’ MeDirect tinsab fuq https://www.medirect.com.mt/pay/cards/.

Wieħed jista’ jsir klijent ta’ MeDirect u jordna d-debit card billi jmur fuq https://www.medirect.com.mt/. Għal aktar informazzjoni klijenti jistgħu jikkuntattjaw lil MeDirect Bank fuq 2557 4400.

MeDirect Bank (Malta) plc, numru tar-reġistrazzjoni C34125, huwa liċenzjat biex joffri servizzi bankarji skont it-termini tal-Att dwar il-Kummerċ Bankarju (Kap. 371). Il-promozzjoni hija għal żmien limitat biss. Termini u Kundizzjonijiet japplikaw.

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We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.