Malta Government issues €300 million in fixed-rate stocks

The Accountant General has announced the issuance of €300 million in Malta Government Stock (MGS), available in any combination of the following two fixed-rate stocks:

• Three per cent Malta Government Stock 2030 (IV)
• Three per cent Malta Government Stock 2035 (III)

The total amount raised may be increased by up to €150 million in the event of oversubscription.

Application Process Members of the public can apply for up to €499,900 per person in any one or both of the two stocks on offer. Applications open 17th February, at 8:30am and close 19th February at 2:30pm, or earlier at the discretion of the Accountant General.

For wholesale investors, applications in the form of sealed bids (auction) will be accepted 21st February, from 8:30am until 12:00pm

The price of each stock for public subscription will be announced on 13th February via a press release. The allotment results for auction applications will be announced two hours after the closing time of the auction.

Application forms can be obtained from members of the Malta Stock Exchange, authorised investment service providers, or downloaded from the Treasury’s website from 14th February.

More details are available in the Offering Circular, which will be published online on 7th February.

Malta’s annual borrowing plan for 2025

• The Treasury plans to raise up to €1.5 billion through three to four issuances of Malta Government Stock and a preferential loan from the European Investment Bank.
• €539.2 million of the borrowings will be used to redeem maturing securities.
• The Government expects a deficit of €850 million in 2025, lower than previous years.
• Interest payments are set to increase, as new issuances will carry higher rates compared to maturing securities.
• Malta’s total Government debt is expected to surpass €10 billion, with the majority held by local institutions and investors.