New €350 million Malta Government Stocks open for public subscription

The Accountant General has unveiled plans to issue up to €350 million in new Malta Government Stocks (MGS), with the offer opening to the general public on Monday, 17th November 2025.

The issuance will consist of three fixed-rate stocks:

• 2.55 per cent Malta Government Stock 2030 (V)
• 3.40 per cent Malta Government Stock 2035 (IV) Fungibility Issue (F.I.)
• 3.80 per cent Malta Government Stock 2040 (II) Fungibility Issue (F.I.)

In the event of oversubscription, the total allocation may be increased by a further €100 million, bringing the possible total to €450 million.

Members of the public may apply for up to €499,900 in any or all of the three available stock series. Applications may be made individually or jointly, with subscription windows opening at 8.30 a.m. on Monday 17th November and closing at 2.30 p.m. on Wednesday 19th November 2025. The Accountant General reserves the right to close applications earlier.

Prices for individual investors will be published by the Treasury on Thursday, 13th November 2025, via a Press Release issued by the Department of Information.

Applications from wholesale investors, defined as those submitting sealed bids, will be accepted on Friday 21st November 2025 between 8.30 a.m. and 12.00 p.m. (CET). The allotment results for this tranche will be announced two hours after the auction closes.

Application forms will be available from authorised investment services providers and Malta Stock Exchange members, or downloadable from the Treasury website starting Friday, 14th November 2025.

Further details, including the full Offering Circular, can be accessed online via the Treasury’s website from Friday, 7th November 2025.