Strong demand for Malta Government Stocks as offers reach €617 million

Investor demand for Malta Government Stocks (MGS) reached approximately €617 million during the October 2026 issuance, exceeding the maximum amount available by €117 million, according to interim results published by the Treasury Department on Friday.

The Government had initially authorised an issue of €300 million, with the option to increase the amount by a further €200 million depending on investor demand.

Following the response from investors, the Treasury confirmed that it would exercise its over-allotment option, bringing the maximum available issuance to €500 million.

The total applications received were more than double the original €300 million offering, reflecting demand for the two government stocks from both individual and institutional investors.

Applications from retail investors amounted to approximately €179 million by the closing deadline on Wednesday 7th October.

The final allotment details for each stock will be published once applications have been vetted to ensure compliance with the General Prospectus and Offering Circular.

Meanwhile, wholesale investors submitted 47 bids with a combined nominal value of €438 million by the closing deadline at noon on Friday 9th October.

Of these, 37 bids were accepted, representing a total nominal allocation of €321 million.

The allocation was divided between the two government stocks as follows:

• 4.30 per cent Malta Government Stock 2037 (II): The Treasury received 30 bids worth €295 million, accepting 21 bids with a nominal value of €193 million. One bid at the cut-off price was partially accepted.
• 4.50 per cent Malta Government Stock 2041 (III): A total of 17 bids worth €143 million were submitted, of which 16 were accepted, representing €128 million.

Together, the accepted wholesale bids and retail applications account for approximately €500 million, corresponding to the maximum amount available under the expanded issuance.