Bond Market Overview

Friday, 28 August 2026

The local sovereign and corporate bond market remains the most active part of the MSE. The diverse nature of the issuers gives the investor plenty of scope to select issues that suit their investment requirements. Liquidity may be tight as bonds of high quality issuers are not always easy to find.

Corporate Bonds (EUR)

Bond	Maturity Date	Volume	Best Bid (EUR)	Best Offer (EUR)	Yield To Maturity (%)	Closing Price (EUR)	Last Trade
3.25% APS 2025-2030	11/19/2030	-	94.00	95.00	4.58%	95	28/08/2026
3.25% AXG 2026 SI	12/20/2026	-	100.00	100.30	3.18%	100	28/08/2026
3.5% AXR 2032	02/06/2032	4,000	92.11	93.50	4.89%	93.5	28/08/2026
3.5% BOV 2030 S1 T1	08/08/2030	-	93.00	0.00	5.22%	94	28/08/2026
3.5% BOV 2030 S2 T1	08/08/2030	5,000	94.00	95.00	5.22%	94	28/08/2026
3.5% GO 2031	6/25/2031	4,700	94.45	96.49	4.81%	94.45	28/08/2026
3.5% SFC 2027	9/13/2027	-	0.00	100.50	4.50%	99	28/08/2026
3.65% IHI 2031	12/07/2031	-	93.50	93.75	5.03%	93.75	28/08/2026
3.65% MOF 2028-2031	10/15/2031	35,000	94.21	95.00	4.95%	94.21	28/08/2026
3.65% STV 2029	7/29/2029	-	96.03	99.49	4.76%	97.03	28/08/2026
3.75% AXG 2029 S2	12/20/2029	4,300	100.00	0.00	3.75%	100	28/08/2026
3.75% BOV 2026-2031	6/15/2031	-	0.00	95.00	4.97%	94.9	28/08/2026
3.75% BRX 2027	12/01/2027	-	97.76	99.59	5.62%	97.77	28/08/2026
3.75% MCY 2027	3/27/2027	-	99.00	99.79	5.46%	99	28/08/2026
3.75% PRC 2026	11/23/2026	-	98.27	99.99	7.90%	99	28/08/2026
3.75% TMF 2029	6/27/2029	-	96.01	97.00	5.30%	96.01	28/08/2026
3.75% TUM 2027	07/10/2027	-	98.07	100.50	4.94%	99	28/08/2026
3.75% VRT 2027	11/30/2027	-	99.00	100.00	3.74%	100	28/08/2026
3.8% HLF 2029	8/27/2029	9,300	96.50	97.95	5.09%	96.5	28/08/2026
3.85% HLF 2028	7/24/2028	-	97.70	98.00	5.55%	97	28/08/2026
3.9% BRW 2027-2031	07/09/2031	-	95.50	96.25	4.78%	96.25	28/08/2026
3.9% PZC 2026	9/22/2026	-	0.00	0.00	3.76%	100	28/08/2026
4% CBC 2027-2033	11/10/2033	-	0.00	92.50	5.37%	92	28/08/2026
4% CCS 2030	8/19/2030	21,000	94.10	95.00	5.43%	95	28/08/2026
4% EFC 2027	4/28/2027	-	99.01	100.00	4.72%	99.5	28/08/2026
4% EXF 2028	8/20/2028	-	98.00	99.00	4.54%	99	28/08/2026
4% HLF 2027	03/11/2027	20,000	100.00	101.50	3.93%	100	28/08/2026
4% IHI 2026 B	12/20/2026	-	99.20	99.99	6.48%	99.2	28/08/2026
4% LSI 2026-2031	06/02/2031	-	0.00	0.00	4.00%	100	28/08/2026
4% MED 2024-2029 EUR	11/05/2029	-	0.00	0.00	4.00%	100	28/08/2026
4% MPC 2032 S1/22 T1	6/30/2032	-	95.51	98.00	4.29%	98.5	28/08/2026
4% SPF 2029	05/03/2029	-	97.61	99.00	4.00%	99.99	28/08/2026
4% STV 2027	10/18/2027	900	97.65	99.85	4.13%	99.85	28/08/2026
4.25% CCM 2024-2026	05/08/2026	-	0.00	0.00	16.69%	99.5	23/04/2026
4.25% CLP 2033	8/25/2033	4,200	98.60	100.00	4.25%	100	28/08/2026
4.25% CPHCL 2026	04/12/2026	-	0.00	0.00	54.98%	98.01	30/03/2026
4.25% IZI 2029	4/14/2029	-	98.00	100.00	5.07%	98	28/08/2026
4.25% MCY 2031	3/27/2031	-	95.05	98.95	5.51%	95.01	28/08/2026
4.3% MCY 2032	4/25/2032	-	94.10	96.99	5.56%	94.01	28/08/2026
4.35% SDF 2027	4/25/2027	-	99.00	100.00	7.44%	98.01	28/08/2026
4.4% CBC 2027 S1/17 T1	07/07/2027	-	0.00	99.89	4.50%	99.89	28/08/2026
4.5% BNF 2027 - 2032	7/29/2032	-	0.00	95.90	5.30%	96	28/08/2026
4.5% END 2029	3/22/2029	-	0.00	97.99	4.53%	99.9	28/08/2026
4.5% G3 2032	04/06/2032	-	99.00	0.00	4.70%	99	28/08/2026
4.5% GHM 2027	8/23/2027	6,000	100.00	100.35	4.50%	100	28/08/2026
4.5% ONA 2028 - 2034	6/21/2034	-	93.00	98.39	4.77%	98.25	28/08/2026
4.5% SHM 2032	08/01/2032	-	70.00	87.50	7.17%	87.45	28/08/2026
4.55% STA 2032	02/07/2032	-	99.50	0.00	4.65%	99.51	28/08/2026
4.65% SMF 2031	4/22/2031	3,000	97.00	100.95	5.01%	98.51	28/08/2026
4.65% SMF 2032	8/23/2032	-	98.50	99.99	5.04%	98.01	28/08/2026
4.75% BDPH 2025-2027	11/30/2027	-	100.00	0.00	4.73%	100	28/08/2026
4.75% DNF 2033	11/19/2033	-	95.01	98.49	4.98%	98.61	28/08/2026
4.75% GAP 2025-2027	12/22/2027	-	0.00	0.00	4.73%	100	28/08/2026
4.75% GLR 2028	11/30/2028	-	96.50	0.00	6.71%	96	28/08/2026
4.75% KAF 2026-2029	8/23/2029	4,500	93.50	94.50	7.25%	93.5	28/08/2026
4.8% MMHF 2026	10/14/2026	-	0.00	99.00	28.79%	97	28/08/2026
4.85% JDC 2032 S1 T1	11/25/2032	-	98.01	99.00	4.85%	100	28/08/2026
4.9% CLS 2032	02/09/2032	-	0.00	0.00	4.89%	100	28/08/2026
5% BLF 2026-2029	02/07/2029	-	0.00	97.50	5.44%	98.98	28/08/2026
5% BOV 2029-2034 S1 T1	11/28/2034	-	100.00	100.20	4.97%	100.2	28/08/2026
5% BSB 2029	6/28/2029	-	0.00	99.99	4.99%	100	28/08/2026
5% CFE 2028-2033	01/06/2033	10,000	99.00	100.00	4.99%	100	28/08/2026
5% CVS 2026-2029	03/08/2029	-	99.00	100.00	5.20%	99.5	28/08/2026
5% DZF 2026	10/07/2026	-	0.00	98.99	32.34%	97.1	28/08/2026
5% FES 2029	3/18/2029	-	0.00	97.90	5.63%	98.5	28/08/2026
5% HHF 2023-2028	5/19/2028	-	0.00	0.00	4.99%	99.99	27/10/2025
5% HLF 2029	7/17/2029	-	100.07	100.50	4.81%	100.5	28/08/2026
5% HLF 2033	02/06/2033	-	101.50	102.00	4.76%	101.25	28/08/2026
5% HRZ 2026-2029	3/15/2029	-	0.00	99.99	4.99%	100	28/08/2026
5% IZB 2027 - 2032	9/15/2032	10,000	0.00	94.00	6.43%	93.01	28/08/2026
5% LLF 2028	7/29/2028	-	94.90	95.90	7.97%	94.9	28/08/2026
5% MDS 2029	12/20/2029	-	100.00	102.00	4.33%	102	28/08/2026
5% MED 2022-2027 EUR	10/13/2027	-	0.00	0.00	5.46%	99.5	28/08/2026
5% MRN 2032	12/16/2032	5,000	100.20	103.00	4.96%	100.2	28/08/2026
5% VDH 2032	12/16/2032	-	94.02	96.00	5.96%	95.04	28/08/2026
5.00% BOV 2030-2035 S1 T1	12/05/2035	23,000	100.00	100.19	5.00%	100	28/08/2026
5.00% BOV 2030-2035 S2 T1	07/07/2035	-	100.00	101.00	5.00%	100	28/08/2026
5.10% PLG 2028 -2030	11/19/2030	-	98.03	100.50	4.96%	100.49	28/08/2026
5.2% HHF 2035	10/28/2035	10,000	99.05	101.58	5.20%	100	28/08/2026
5.2% SDF 2031 S1/T1	2/15/2031	20,000	100.00	102.99	5.19%	100	28/08/2026
5.2% SDF 2031 S1/T2	2/15/2031	2,500	100.00	101.97	5.19%	100	28/08/2026
5.2% SDF 2031 S1/T3	2/15/2031	-	100.30	0.00	5.19%	100	28/08/2026
5.2% TUM 2031-2034	11/22/2034	-	99.53	101.10	5.16%	100.25	28/08/2026
5.2% VBL 2030-2034	10/25/2034	-	99.50	102.35	5.31%	99.25	28/08/2026
5.25% ACM 2028 -2030	8/20/2030	-	99.00	100.98	4.97%	100.99	28/08/2026
5.25% BBP 2033 S1 T1	04/03/2033	1,500	99.00	100.75	5.11%	100.75	28/08/2026
5.25% IHI 2036 S1 T1	7/14/2036	-	101.00	102.97	4.86%	102.97	28/08/2026
5.25% KLF 2027	7/31/2027	-	0.00	0.00	5.23%	100	28/08/2026
5.25% MIH 2027	07/06/2027	-	98.01	101.20	5.51%	99.75	28/08/2026
5.25% QWR 2033	2/27/2033	5,000	100.75	0.00	5.11%	100.75	28/08/2026
5.3% GTR 2030	07/04/2030	-	100.00	101.00	5.00%	101	28/08/2026
5.3% MCY 2034	09/10/2034	-	100.50	101.00	5.15%	100.99	28/08/2026
5.30% IHI 2035	04/01/2035	3,200	100.50	101.00	5.22%	100.5	28/08/2026
5.35% BDPH 2032	2/21/2032	-	100.01	101.70	4.98%	101.7	28/08/2026
5.35% CPHCL 2035	12/18/2035	-	100.51	101.88	5.28%	100.51	28/08/2026
5.35% DSM 2028	10/28/2028	-	0.00	89.00	10.76%	90	28/08/2026
5.35% ELL 2036	08/04/2036	-	100.60	102.34	5.27%	100.58	28/08/2026
5.35% HMV 2031-2034	7/26/2034	-	102.00	103.30	4.84%	103.3	28/08/2026
5.35% JMB 2035	11/07/2035	-	100.79	102.00	5.07%	102	28/08/2026
5.35% MAR 2029-2031	6/27/2031	8,000	100.07	101.89	5.33%	100.07	28/08/2026
5.4% AGB 2035 S1 T1	10/10/2035	-	0.00	101.59	5.40%	100	28/08/2026
5.4% BBT 2032-2036	04/09/2036	-	100.01	104.19	5.13%	102	28/08/2026
5.4% ECL 2031	12/30/2031	10,000	99.00	101.25	5.12%	101.25	28/08/2026
5.5% 9HC 2027	6/19/2027	-	98.00	100.00	4.17%	101	28/08/2026
5.5% ACS 2034	10/31/2034	17,600	103.27	103.45	5.00%	103.26	28/08/2026
5.5% AES 2036 S1 T2	10/08/2036	-	100.05	101.40	5.32%	101.4	28/08/2026
5.5% FTD 2036	2/27/2036	-	101.25	102.50	5.09%	102.99	28/08/2026
5.5% IGF 2024-2027	5/17/2027	-	0.00	0.00	6.34%	99	17/02/2026
5.5% IZI 2036	04/02/2036	10,800	101.00	102.00	5.22%	102	28/08/2026
5.5% JUE 2035	6/27/2035	6,000	101.75	102.95	5.24%	101.75	28/08/2026
5.5% QLZ 2030 -2035	7/22/2035	-	99.67	100.50	5.46%	100.25	28/08/2026
5.5% QLZ 2030 -2035 S1 T2	7/22/2035	-	98.01	99.99	5.78%	98.09	10/07/2026
5.5% QLZ 2030 -2035 S1T1	7/22/2035	-	0.00	0.00	5.50%	100	22/07/2026
5.5% QLZ 2030 -2035 S1T1	7/22/2035	-	98.03	99.99	5.79%	98.03	10/07/2026
5.5% TST 2029	01/09/2029	-	0.00	97.00	5.95%	99	28/08/2026
5.50% MDS 2031-2036	6/30/2036	-	102.50	0.00	5.17%	102.5	28/08/2026
5.50% TTM 2032	04/02/2032	55,000	101.50	102.50	5.17%	101.51	28/08/2026
5.6% JDC 2035	5/23/2035	-	100.03	101.50	5.59%	100.03	28/08/2026
5.7% AGB 2036 S2T1	6/25/2036	-	100.50	101.84	5.56%	101	28/08/2026
5.7% MRK 2033	08/12/2033	5,000	90.00	94.99	7.60%	90	28/08/2026
5.70% CBC 2030-2035 S1 T1	12/04/2035	-	0.00	99.00	5.84%	99	28/08/2026
5.75% AQC 2027	12/21/2027	-	0.00	100.00	5.72%	100	28/08/2026
5.75% BDPH 2027-2029	04/12/2029	-	100.01	102.47	5.32%	101	28/08/2026
5.75% CAV 2032 S1T1	5/26/2032	15,000	102.50	102.99	5.23%	102.5	28/08/2026
5.75% END 2036	8/18/2036	36,000	100.00	101.37	5.75%	100	28/08/2026
5.75% IGI 2031-2036	02/12/2036	-	80.00	98.89	6.17%	97	28/08/2026
5.75% PHN 2028-2033	12/30/2033	-	101.01	103.39	5.49%	101.5	28/08/2026
5.75% PLG 2028	11/23/2028	-	100.03	102.39	5.01%	101.5	28/08/2026
5.8% AES 2036 S1 T1	03/01/2036	-	100.75	102.00	5.72%	100.5	28/08/2026
5.8% APS 2028-2033 S1 T1	12/01/2033	-	104.00	105.80	5.12%	104	28/08/2026
5.8% GPH 2032	4/22/2032	7,000	100.00	101.48	5.79%	100	28/08/2026
5.85% AXG 2033	11/07/2033	11,300	103.10	0.00	5.32%	103.1	28/08/2026
5.85% BGA 2034	5/14/2034	-	103.00	103.49	5.44%	102.5	28/08/2026
5.85% MIH 2028	7/31/2028	-	100.30	101.70	5.72%	100.21	28/08/2026
6% IHI 2033	11/14/2033	3,100	104.65	105.49	5.21%	104.65	28/08/2026
6% JDC 2033 S2 T1	7/19/2033	27,000	100.03	102.00	5.64%	102	28/08/2026
6% LDB 2030-2035 S1 T1	7/23/2035	-	0.00	101.75	6.00%	100	28/08/2026
6% MUL 2032 S1 T1	4/27/2032	-	0.00	0.00	5.99%	100	28/08/2026
6% PHC 2033	02/03/2033	-	101.50	102.50	5.52%	102.49	28/08/2026
6.25% AST 2033	6/16/2033	-	101.50	102.99	6.06%	101	28/08/2026
6.25% CMF 2034	2/23/2034	5,000	101.50	102.49	5.99%	101.5	28/08/2026
6.25% GPH 2030	03/10/2030	-	101.00	101.85	5.57%	102.09	28/08/2026
6.25% TGS 2030 -2032	2/14/2032	-	99.50	100.50	6.35%	99.5	28/08/2026
6.5% SHM 2028	08/01/2028	-	72.01	98.00	6.49%	100	28/08/2026
7.25% HRT 2025-2027	11/28/2027	-	0.00	99.98	8.08%	99	28/08/2026

* Where more than one maturity date exists, YTW is calculated on earliest maturity date.

Corporate Bonds (GBP)

Bond	Maturity Date	Volume	Best Bid (GBP)	Best Offer (GBP)	Yield To Maturity (%)	Yield To Worst (%) *	Closing Price (GBP)	Last Trade	Ranking
4% MED 2024-2029 GBP	11/05/2029	-	0.00	0.00	5.22%		96.5	28/08/2026
5% MED 2022-2027 GBP	10/13/2027	-	0.00	0.00	4.99%		100	28/08/2026

* Where more than one maturity date exists, YTW is calculated on earliest maturity date.

Corporate Bonds (USD)

Bond	Maturity Date	Volume	Best Bid (USD)	Best Offer (USD)	Yield To Maturity (%)	Yield To Worst (%) *	Closing Price (USD)	Last Trade	Ranking
6.50% MDS 2031-2036	6/30/2036	-	0.00	0.00	6.15%		102.5	28/08/2026

* Where more than one maturity date exists, YTW is calculated on earliest maturity date.

Government Bonds (EUR)

Bond	Maturity	Volume Traded	Closing Price (Trading)	Central Bank Malta (Closing Bid Price)	Yield To Maturity (%) *
0.25% MGS 2026 (III)	11/18/2026	-	98.08	0.00	9.25%
0.40% MGS 2026 (II)	10/20/2026	-	98.16	0.00	13.84%
0.40% MGS 2027 (IV)	11/19/2027	-	96.72	0.00	3.16%
0.80% MGS 2027 (III)	4/29/2027	-	99.01	0.00	2.31%
0.90% MGS 2027 (V)	08/12/2027	-	97.71	0.00	3.37%
0.90% MGS 2031 (V)	07/11/2031	-	89.39	0.00	3.28%
1.0% MGS 2031 (II)	4/23/2031	-	90.53	0.00	3.21%
1.00% MGS 2035 (II)	8/23/2035	-	77.79	0.00	3.96%
1.20% MGS 2037 (I)	5/13/2037	-	76.61	0.00	3.89%
1.40% MGS 2046 (I)	8/20/2046	-	60.64	0.00	4.38%
1.5% MGS 2027 (I)	6/15/2027	-	99.16	0.00	2.58%
1.50% MGS 2045 (I)	10/22/2045	-	62.72	62.00	4.40%
1.60% MGS 2032 (III)	05/03/2032	-	90.18	0.00	3.52%
1.70% MGS 2028 (IV)	08/04/2028	-	97.70	0.00	2.93%
1.80% MGS 2051 (I)	8/28/2051	-	59.32	50.31	4.54%
1.85% MGS 2029 (III)	5/30/2029	-	96.92	0.00	3.03%
2.00% MGS 2051 (II)	07/10/2051	-	62.90	0.00	4.49%
2.1% MGS 2039 (I)	8/24/2039	-	79.88	75.00	4.12%
2.10% MGS 2032 (IV)	4/15/2032	-	92.85	0.00	3.51%
2.2% MGS 2035 (I)	11/24/2035	-	88.14	0.00	3.73%
2.3% MGS 2029 (II)	7/24/2029	-	97.87	0.00	3.07%
2.4% MGS 2041 (I)	7/25/2041	-	80.97	0.00	4.12%
2.40% MGS 2052 (I)	8/13/2052	-	75.22	77.00	3.93%
2.5% MGS 2036 (I)	11/17/2036	-	88.50	0.00	3.87%
2.55% MGS 2030 (V)	02/06/2030	-	97.88	0.00	3.21%
2.55% MGS 2030 (V) A	02/06/2030	-	99.19	0.00	2.77%
2.55% MGS 2030 (V) r	02/06/2030	-	100.00	0.00	2.55%
2.60% MGS 2028 (V)	5/22/2028	-	99.54	0.00	2.87%
2.60% MGS 2047 (I)	9/27/2047	-	89.60	0.00	3.29%
2.80% MGS 2030 (III)	2/27/2030	-	98.62	0.00	3.22%
2.9% MGS 2032 (VI)	10/24/2032	-	96.94	0.00	3.46%
3% MGS 2040 (I)	06/11/2040	22,700	92.50	87.00	3.70%
3.00% MGS 2030 (IV)	11/05/2030	-	98.85	0.00	3.30%
3.15% MGS 2027 (VII)	5/20/2027	-	100.67	0.00	2.21%
3.25% MGS 2034 (IV)	09/05/2034	-	97.20	0.00	3.66%
3.35% MGS 2029 (V)	11/27/2029	-	100.87	0.00	3.06%
3.4% MGS 2027 (VI)	9/24/2027	-	101.08	101.50	2.37%
3.40% MGS 2035 (IV)	7/16/2035	-	97.35	97.50	3.75%
3.40% MGS 2035 (IV) A	7/16/2035	-	98.24	0.00	3.62%
3.40% MGS 2035 (IV) FI A	7/16/2035	-	98.18	0.00	3.63%
3.40% MGS 2035 (IV) r	7/16/2035	-	100.00	0.00	3.40%
3.40% MGS 2042 (I)	8/26/2042	-	93.00	65.00	4.00%
3.50% MGS 2028 (VI)	07/07/2028	-	101.18	0.00	2.84%
3.50% MGS 2034 (III)	7/31/2034	15,000	100.00	0.00	3.50%
3.50% MGS 2035 (III)	12/18/2035	-	97.64	0.00	3.80%
3.50% MGS 2035 (III) A	12/18/2035	-	100.34	0.00	3.46%
3.50% MGS 2035 (III) r	12/18/2035	281,900	101.40	101.40	3.34%
3.7% MGS 2030 (II)	11/25/2030	-	106.09	0.00	2.19%
3.75% MGS 2033 (III)	8/17/2033	-	104.75	0.00	2.99%
3.80% MGS 2036 (III) A	04/08/2036	-	99.38	0.00	3.88%
3.80% MGS 2036 (III) r	04/08/2036	-	100.50	100.00	3.74%
3.80% MGS 2036 (IV) A	07/08/2036	-	99.45	99.45	3.87%
3.80% MGS 2036 (IV) r	07/08/2036	-	100.00	100.00	3.80%
3.80% MGS 2040 (II)	10/16/2040	-	96.20	96.00	4.16%
3.80% MGS 2040 (II) A	10/16/2040	-	99.65	0.00	3.83%
3.80% MGS 2040 (II) FI A	10/16/2040	-	100.10	0.00	3.79%
3.80% MGS 2040 (II) FI r	10/16/2040	-	98.00	0.00	3.98%
3.80% MGS 2040 (II) r	10/16/2040	3,000	100.00	99.74	3.80%
3.95% MGS 2028 (VII)	08/08/2028	-	104.12	101.90	1.78%
4% MGS 2032 (VII)	3/30/2032	-	103.00	0.00	3.41%
4.00% MGS 2033 (IV)	12/05/2033	-	102.46	98.00	3.61%
4.00% MGS 2038 (I)	8/25/2038	-	99.30	99.43	4.07%
4.00% MGS 2043 (I)	11/26/2043	-	99.10	0.00	4.07%
4.1% MGS 2034 (I)	10/18/2034	-	103.26	0.00	3.63%
4.10% MGS 2041 (II)	11/28/2041	15,000	100.00	98.82	4.10%
4.10% MGS 2041 (II) A	11/28/2041	-	100.00	99.66	4.10%
4.10% MGS 2041 (II) r	11/28/2041	-	100.00	99.66	4.10%
4.25% MGS 2046 (II) A	9/14/2046	-	99.90	98.00	4.26%
4.25% MGS 2046 (II) r	9/14/2046	-	102.00	100.00	4.10%
4.3% MGS 2033 (I)	08/01/2033	-	104.50	0.00	3.56%
4.30% MGS 2038 (II)	11/15/2038	-	103.83	0.00	3.90%
4.45% MGS 2032 (II)	09/03/2032	-	105.50	103.50	3.43%
4.5% MGS 2028 (II)	10/25/2028	-	103.30	0.00	2.91%
4.65% MGS 2032 (I)	7/22/2032	-	106.45	0.00	3.43%
4.8% MGS 2028 (I)	09/11/2028	-	103.66	0.00	2.93%
5.1% MGS 2029 (I)	10/01/2029	-	105.91	0.00	3.08%
5.2% MGS 2031 (I)	9/16/2031	-	108.55	0.00	3.34%
5.25% MGS 2030 (I)	6/23/2030	-	107.47	107.00	3.15%
7% MGS 2026 (I)	12/31/2026	-	155.80	0.00	-67.91%
7% MGS 2032 (V)	12/31/2032	-	100.00	0.00	7.00%
7% MGS 2034 (II)	12/31/2034	-	100.00	0.00	7.00%
7% MGS 2036 (II)	12/31/2036	-	100.00	0.00	7.00%

* Where more than one maturity date exists, YTM is calculated on earliest maturity date.