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.
