Day: 13 February 2025

Malta Government Stocks – February 2025

Posted on by ingrid.micallef@medirect.com.mt

MeDirect Bank (Malta) plc is currently accepting applications for the new Malta Government Stocks (“MGS”) for a total aggregate amount of €300,000,000 subject to an over-allotment option of €150,000,000 in the event of over-subscription.

Applications close on Wednesday, the 19th of February 2025 at noon, or earlier at the discretion of the Accountant General.

 

The new fixed rate bonds are: 

MT0000014028 –  3.00% Malta Government Stock 2030 (IV)

  • Interest payable semi-annually in arrears on the 5th of May and the 5th of November

  • The first pro rata interest payment covering period from the 24th of February 2025 to the 4th of May 2025 (both dates inclusive) will be made on the 5th of May @ 0.580110%.

The bond will be offered at €101.00 with a YTM of 2.8082%, which corresponds to an annualised rate of 2.8280% and will mature on the 5th of November 2030.

 MT0000014051 – 3.50% Malta Government Stock 2035 (III)

  • Interest payable semi-annually in arrears on the 18th of June and the 18th of December.

  • The first pro rata interest payment covering period from the 24th of February 2025 to the 17th of June 2025 (both dates inclusive) will be made on the 18th of June 2025 @ 1.096154%.

The bond will be offered at €100.50 with a YTM of 3.4438%, which corresponds to an annualised rate of 3.4735% and will mature on the 18th of December 2035.


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 Prospectus and the relevant Amendment, which can be accessed via https://treasury.gov.mt/en/resources/publications/new-issuance-of-malta-government-stock-February-2025/.


If you are interested in applying, please send us a Secure Mail or contact your existing Relationship Manager between Friday 14th and Wednesday 19th of February 2025.


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 are intended for retail clients, however, 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.

Being aware of spoof websites is key to protecting your personal data

Posted on by conway.wigg@medirect.com.mt

In today’s digital age, one of the key risks associated with the internet is the threat of spoof websites. These fraudulent sites are designed to look like legitimate ones, tricking users into providing personal information. Understanding the risks and knowing how to protect yourself is crucial to safeguarding your data.

 

What Are Spoof Websites?

Spoof websites, also known as phishing sites, mimic legitimate websites to deceive users. They often have similar URLs, design, and content to the sites they are imitating. The goal is to trick you into entering sensitive information, such as login credentials, credit card numbers, or personal details.

 

Risks of Spoof Websites

Spoof websites can steal your personal information, leading to identity theft. This can result in unauthorised transactions, loans, or even criminal activities in your name. Providing your financial information to a spoof website can also lead to unauthorised charges on your credit card or bank account.

Some spoof websites may contain malware that can infect your device, compromising your data and potentially causing further damage. Finally, it is possible for your personal information to be sold on the dark web, leading to a loss of privacy and potential harassment.

 

How to Identify Spoof Websites

The first step is to check the website URL. Spoof websites often use slight variations of the legitimate URL, such as misspellings or additional characters. Also ensure that the website uses HTTPS rather than HTTP. The “S” stands for secure, indicating that the site uses encryption to protect your data.  As an example, in MeDirect Malta’s case, the url is https://www.medirect.com.mt

The layout and content of a website can also help work out if it is a spoof. If it’s a brand you are familiar with you can easily compare the design and content with the legitimate site. Spoof websites may have poor-quality images, spelling errors, or outdated information. Legitimate websites also provide clear contact information, including a physical address and customer service number. If this information is missing, it could be a red flag.

As with any cyber threat, make sure you utilise browser extensions and security software that can help identify and block spoof websites.

 

How to Protect Yourself

There are numerous ways to minimise the risks associated with spoof websites. Avoid clicking on links in unsolicited emails or messages. Instead, type the full URL, including ‘https:’ directly into your browser. This point is even more important when you remember that criminals can use search engine marketing techniques to make their spoof websites appear towards the top of search results.

You should also always create strong, unique passwords for each of your accounts and consider using a password manager to keep track of them. Whenever possible, enable 2 Factor Authentication (2FA) for an extra layer of security. This requires a second form of verification in addition to your password. Regularly update your browser, operating system, and security software to protect against the latest threats. Check your bank and credit card statements frequently for any unauthorised transactions. Report any suspicious activity immediately.

 

What to Do If You Fall Victim

If you suspect you’ve entered your credentials on a spoof website, change your passwords immediately. You should also inform your bank or credit card company if you’ve provided financial information. Make sure you report the spoof website to the legitimate company it is imitating and to relevant authorities, such as your country’s cybercrime unit. Crucially, use your security software to scan your device for malware and remove any threats.

By staying vigilant and following these tips, you can protect yourself from the dangers of spoof websites and keep your personal data secure.

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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.