Curmi & Partners

New Bond Issue

62+ Malta Government Savings Bond

The Treasury of Malta (“Treasury”) has announced that there will be another opportunity for investors (born in 1956 or earlier) to apply for the 62+ Malta Government Savings Bond (“62+ Bond”).  Below are the details of this bond issue:

Maturity

19th June 2023

Coupon 3.0%
Price €100
Coupon Frequency Semi-Annually
Amount on issue €65 million
Over-allotment option €35 million

                                                                                                                                                                                                                                                                                                                                                                                               

This will be the third issue of such bonds from the Government of Malta, offering up to a maximum amount of €100 million. The 62+ bond, which will not be traded on the secondary market, will yield 3% per annum.

Applications for the 62+ Bond are open to:

  • Applicants who did not apply for the 62+ Bond issued in September or October 2017 ( “Category A Applicants” ) and;
  • Applicants who hold the 62+ Bond issued in September or October 2017 (“Category B Applicants”)

Applicants may submit applications for amounts up to a maximum of €8,000 and a minimum of €500. Preference will be given to New Applicants, after which, any remaining amounts will become available to Category B Applicants.

In the event that the maximum allotment issue of €100 million is exceeded by New Applicants, the Accountant General will scale down applications among New Applicants as deemed appropriate and any unallocated amounts will be refunded. Therefore, the Treasury does not guarantee that there will be amounts to be allocated to Existing Holders.

Applications will open at 8:30 a.m. on Monday 11th June, 2018 and close at 5:00 p.m. on Tuesday 12th June, 2018, or earlier at the discretion of the Accountant General.

More information regarding this bond issue can be found in the Prospectus

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

Should you be interested in participating, kindly contact Ms Mariella Mifsud on 21347331.