Bond Market Overview

Wednesday, 16 September 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	0.00	4.87%	94	16/09/2026
3.25% AXG 2026 SI	12/20/2026	-	100.00	100.30	3.17%	100	16/09/2026
3.5% AXR 2032	02/06/2032	27,000	93.40	94.50	4.67%	94.5	16/09/2026
3.5% BOV 2030 S1 T1	08/08/2030	-	92.00	95.00	5.55%	93	16/09/2026
3.5% BOV 2030 S2 T1	08/08/2030	20,000	92.30	95.00	4.94%	95	16/09/2026
3.5% GO 2031	6/25/2031	3,800	95.50	96.00	4.45%	96	16/09/2026
3.5% SFC 2027	9/13/2027	-	99.10	0.00	4.45%	99.1	16/09/2026
3.65% IHI 2031	12/07/2031	23,000	92.07	93.75	5.21%	93	16/09/2026
3.65% MOF 2028-2031	10/15/2031	-	94.23	95.00	4.96%	94.23	16/09/2026
3.65% STV 2029	7/29/2029	-	96.31	99.00	4.21%	98.5	16/09/2026
3.75% AXG 2029 S2	12/20/2029	-	96.07	0.00	3.75%	100	16/09/2026
3.75% BOV 2026-2031	6/15/2031	-	94.00	94.50	4.98%	94.9	16/09/2026
3.75% BRX 2027	12/01/2027	-	98.07	99.72	5.49%	98.01	16/09/2026
3.75% MCY 2027	3/27/2027	5,000	98.50	99.79	5.63%	99	16/09/2026
3.75% PRC 2026	11/23/2026	-	98.51	99.98	11.80%	98.51	16/09/2026
3.75% TMF 2029	6/27/2029	-	96.05	97.00	5.31%	96.05	16/09/2026
3.75% TUM 2027	07/10/2027	-	98.07	100.00	3.72%	100	16/09/2026
3.75% VRT 2027	11/30/2027	-	99.00	100.00	4.61%	99	16/09/2026
3.8% HLF 2029	8/27/2029	20,000	97.99	98.00	4.54%	98	16/09/2026
3.85% HLF 2028	7/24/2028	-	97.20	97.97	5.02%	97.97	16/09/2026
3.9% BRW 2027-2031	07/09/2031	-	95.66	96.99	4.93%	95.66	16/09/2026
3.9% PZC 2026	9/22/2026	-	0.00	0.00	3.76%	100	03/09/2026
4% CBC 2027-2033	11/10/2033	-	0.00	93.00	5.52%	91.2	16/09/2026
4% CCS 2030	8/19/2030	-	94.30	96.00	5.45%	95	16/09/2026
4% EFC 2027	4/28/2027	-	99.05	99.99	5.53%	99.05	16/09/2026
4% EXF 2028	8/20/2028	-	98.01	100.00	4.00%	100	16/09/2026
4% HLF 2027	03/11/2027	-	100.00	100.50	3.92%	100	16/09/2026
4% IHI 2026 B	12/20/2026	-	99.20	99.99	6.99%	99.2	16/09/2026
4% LSI 2026-2031	06/02/2031	-	0.00	0.00	4.00%	100	16/09/2026
4% MED 2024-2029 EUR	11/05/2029	-	0.00	0.00	4.00%	100	16/09/2026
4% MPC 2032 S1/22 T1	6/30/2032	-	95.51	99.00	4.20%	99	16/09/2026
4% SPF 2029	05/03/2029	-	97.63	99.99	4.98%	97.63	16/09/2026
4% STV 2027	10/18/2027	-	98.01	98.75	4.96%	99	16/09/2026
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	300	97.00	99.75	4.29%	99.75	16/09/2026
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	45,000	98.00	100.00	4.24%	100	16/09/2026
4.25% MCY 2031	3/27/2031	-	95.47	99.15	4.35%	99.57	16/09/2026
4.3% MCY 2032	4/25/2032	-	94.41	96.99	4.97%	96.75	16/09/2026
4.35% SDF 2027	4/25/2027	15,000	99.00	99.99	5.97%	99	16/09/2026
4.4% CBC 2027 S1/17 T1	07/07/2027	-	0.00	0.00	4.50%	99.89	16/09/2026
4.5% BNF 2027 - 2032	7/29/2032	-	96.00	97.25	5.05%	97.25	16/09/2026
4.5% END 2029	3/22/2029	-	0.00	97.99	4.53%	99.9	16/09/2026
4.5% G3 2032	04/06/2032	-	0.00	98.99	4.70%	99	16/09/2026
4.5% GHM 2027	8/23/2027	3,900	100.00	100.35	4.49%	100	16/09/2026
4.5% ONA 2028 - 2034	6/21/2034	-	94.03	97.99	4.77%	98.25	16/09/2026
4.5% SHM 2032	08/01/2032	-	65.00	86.50	7.19%	87.45	16/09/2026
4.55% STA 2032	02/07/2032	-	98.00	99.00	4.76%	99	16/09/2026
4.65% SMF 2031	4/22/2031	3,400	97.01	100.40	5.40%	97.01	16/09/2026
4.65% SMF 2032	8/23/2032	4,000	99.00	99.50	4.85%	99	16/09/2026
4.75% BDPH 2025-2027	11/30/2027	-	100.00	0.00	4.73%	100	16/09/2026
4.75% DNF 2033	11/19/2033	-	96.01	98.00	4.98%	98.61	16/09/2026
4.75% GAP 2025-2027	12/22/2027	-	0.00	0.00	4.73%	100	31/08/2026
4.75% GLR 2028	11/30/2028	-	96.00	99.50	6.50%	96.5	16/09/2026
4.75% KAF 2026-2029	8/23/2029	-	85.00	93.50	7.29%	93.5	16/09/2026
4.8% MMHF 2026	10/14/2026	-	0.00	99.00	46.24%	97	16/09/2026
4.85% JDC 2032 S1 T1	11/25/2032	-	98.01	100.00	4.85%	100	16/09/2026
4.9% CLS 2032	02/09/2032	-	0.00	0.00	4.89%	100	16/09/2026
5% BLF 2026-2029	02/07/2029	-	0.00	97.50	5.45%	98.98	16/09/2026
5% BOV 2029-2034 S1 T1	11/28/2034	-	100.00	100.20	5.00%	100	16/09/2026
5% BSB 2029	6/28/2029	-	0.00	100.00	5.00%	99.99	16/09/2026
5% CFE 2028-2033	01/06/2033	-	98.70	100.00	5.19%	99	16/09/2026
5% CVS 2026-2029	03/08/2029	-	99.00	100.00	5.21%	99.5	16/09/2026
5% DZF 2026	10/07/2026	-	0.00	98.99	59.61%	97.1	16/09/2026
5% FES 2029	3/18/2029	-	0.00	97.99	5.65%	98.5	16/09/2026
5% HHF 2023-2028	5/19/2028	-	0.00	0.00	4.99%	99.99	27/10/2025
5% HLF 2029	7/17/2029	14,800	101.00	101.49	4.61%	101	16/09/2026
5% HLF 2033	02/06/2033	-	101.00	102.00	4.76%	101.25	16/09/2026
5% HRZ 2026-2029	3/15/2029	-	0.00	99.99	4.99%	100	16/09/2026
5% IZB 2027 - 2032	9/15/2032	-	0.00	97.75	6.12%	94.5	16/09/2026
5% LLF 2028	7/29/2028	-	0.00	95.90	7.43%	95.9	16/09/2026
5% MDS 2029	12/20/2029	2,000	100.75	102.00	4.74%	100.75	16/09/2026
5% MED 2022-2027 EUR	10/13/2027	-	0.00	0.00	5.49%	99.5	16/09/2026
5% MRN 2032	12/16/2032	-	0.00	100.60	4.88%	100.6	16/09/2026
5% VDH 2032	12/16/2032	1,900	0.00	96.40	5.70%	96.4	16/09/2026
5.00% BOV 2030-2035 S1 T1	12/05/2035	-	100.00	100.20	5.00%	100	16/09/2026
5.00% BOV 2030-2035 S2 T1	07/07/2035	-	99.50	100.00	5.00%	100	16/09/2026
5.10% PLG 2028 -2030	11/19/2030	-	98.07	100.50	4.96%	100.5	16/09/2026
5.2% HHF 2035	10/28/2035	7,800	99.05	101.00	5.33%	99.05	16/09/2026
5.2% SDF 2031 S1/T1	2/15/2031	-	99.50	101.25	5.45%	99	16/09/2026
5.2% SDF 2031 S1/T2	2/15/2031	20,000	100.01	101.97	4.93%	101	16/09/2026
5.2% SDF 2031 S1/T3	2/15/2031	-	100.30	0.00	4.93%	101	16/09/2026
5.2% TUM 2031-2034	11/22/2034	-	0.00	100.99	5.28%	99.45	16/09/2026
5.2% VBL 2030-2034	10/25/2034	-	99.50	0.00	5.20%	100	16/09/2026
5.25% ACM 2028 -2030	8/20/2030	-	99.00	100.00	5.10%	100.5	16/09/2026
5.25% BBP 2033 S1 T1	04/03/2033	2,000	99.01	100.50	5.15%	100.5	16/09/2026
5.25% IHI 2036 S1 T1	7/14/2036	-	101.00	102.69	4.86%	102.97	16/09/2026
5.25% KLF 2027	7/31/2027	-	0.00	0.00	5.21%	100	16/09/2026
5.25% MIH 2027	07/06/2027	-	98.81	100.99	6.76%	98.8	16/09/2026
5.25% QWR 2033	2/27/2033	-	100.00	100.75	5.10%	100.75	16/09/2026
5.3% GTR 2030	07/04/2030	7,100	100.55	100.90	5.13%	100.55	16/09/2026
5.3% MCY 2034	09/10/2034	-	100.00	100.50	5.30%	100	16/09/2026
5.30% IHI 2035	04/01/2035	-	100.01	101.00	5.15%	101	16/09/2026
5.35% BDPH 2032	2/21/2032	-	100.15	101.99	4.91%	102	16/09/2026
5.35% CPHCL 2035	12/18/2035	-	100.50	101.00	5.28%	100.5	16/09/2026
5.35% DSM 2028	10/28/2028	-	0.00	94.90	10.89%	90	16/09/2026
5.35% ELL 2036	08/04/2036	86,000	100.65	101.48	5.26%	100.65	16/09/2026
5.35% HMV 2031-2034	7/26/2034	-	101.65	0.00	5.09%	101.65	16/09/2026
5.35% JMB 2035	11/07/2035	-	100.79	101.00	5.07%	102	16/09/2026
5.35% MAR 2029-2031	6/27/2031	6,000	100.01	101.89	5.34%	100.01	16/09/2026
5.4% AGB 2035 S1 T1	10/10/2035	-	96.01	101.00	5.40%	100	16/09/2026
5.4% BBT 2032-2036	04/09/2036	8,000	100.01	104.19	5.23%	101.2	16/09/2026
5.4% ECL 2031	12/30/2031	-	100.01	101.43	5.07%	101.47	16/09/2026
5.5% 9HC 2027	6/19/2027	-	0.00	0.00	4.07%	101	16/09/2026
5.5% ACS 2034	10/31/2034	19,400	102.75	103.39	5.07%	102.76	16/09/2026
5.5% AES 2036 S1 T2	10/08/2036	-	0.00	101.25	5.56%	99.51	16/09/2026
5.5% FTD 2036	2/27/2036	-	100.50	102.99	5.09%	102.99	16/09/2026
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	-	102.00	102.95	5.22%	102	16/09/2026
5.5% JUE 2035	6/27/2035	5,300	101.50	102.97	5.21%	102	16/09/2026
5.5% QLZ 2030 -2035	7/22/2035	-	98.01	100.99	5.35%	100.99	16/09/2026
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	-	98.03	99.99	5.79%	98.03	10/07/2026
5.5% TST 2029	01/09/2029	-	0.00	97.00	5.96%	99	16/09/2026
5.50% MDS 2031-2036	6/30/2036	-	102.50	103.50	5.16%	102.5	16/09/2026
5.50% TTM 2032	04/02/2032	-	101.50	102.00	5.07%	102	16/09/2026
5.6% JDC 2035	5/23/2035	-	100.03	101.00	5.52%	100.5	16/09/2026
5.7% AGB 2036 S2T1	6/25/2036	-	100.50	101.89	5.44%	101.89	16/09/2026
5.7% MRK 2033	08/12/2033	-	92.50	94.95	6.63%	94.95	16/09/2026
5.70% CBC 2030-2035 S1 T1	12/04/2035	-	0.00	99.00	5.84%	99	16/09/2026
5.75% AQC 2027	12/21/2027	30,000	100.50	100.94	5.30%	100.5	16/09/2026
5.75% BDPH 2027-2029	04/12/2029	-	100.01	102.46	5.31%	101	16/09/2026
5.75% CAV 2032 S1T1	5/26/2032	29,900	102.00	103.23	5.33%	102	16/09/2026
5.75% END 2036	8/18/2036	-	100.00	101.24	5.75%	100	16/09/2026
5.75% IGI 2031-2036	02/12/2036	-	80.00	98.20	6.17%	97	16/09/2026
5.75% PHN 2028-2033	12/30/2033	-	101.11	101.50	5.36%	102.25	16/09/2026
5.75% PLG 2028	11/23/2028	-	100.03	103.75	5.00%	101.5	16/09/2026
5.8% AES 2036 S1 T1	03/01/2036	-	100.07	101.99	5.69%	100.75	16/09/2026
5.8% APS 2028-2033 S1 T1	12/01/2033	-	103.00	0.00	4.95%	105	16/09/2026
5.8% GPH 2032	4/22/2032	-	100.00	100.50	5.79%	100	16/09/2026
5.85% AXG 2033	11/07/2033	-	103.10	0.00	5.32%	103.05	16/09/2026
5.85% BGA 2034	5/14/2034	-	102.50	103.50	5.28%	103.5	16/09/2026
5.85% MIH 2028	7/31/2028	-	100.53	102.05	5.53%	100.53	16/09/2026
6% IHI 2033	11/14/2033	900	102.51	103.20	5.44%	103.2	16/09/2026
6% JDC 2033 S2 T1	7/19/2033	-	100.03	101.90	5.67%	101.8	16/09/2026
6% LDB 2030-2035 S1 T1	7/23/2035	-	0.00	101.00	6.00%	100	16/09/2026
6% MUL 2032 S1 T1	4/27/2032	-	0.00	0.00	5.99%	100	16/09/2026
6% PHC 2033	02/03/2033	-	101.21	102.50	5.71%	101.5	16/09/2026
6.25% AST 2033	6/16/2033	-	101.50	102.90	5.97%	101.5	16/09/2026
6.25% CMF 2034	2/23/2034	-	101.50	102.49	5.82%	102.49	16/09/2026
6.25% GPH 2030	03/10/2030	-	101.00	101.83	5.91%	101	16/09/2026
6.25% TGS 2030 -2032	2/14/2032	-	100.00	100.50	6.13%	100.5	16/09/2026
6.5% SHM 2028	08/01/2028	-	72.01	99.50	6.54%	99.9	16/09/2026
7.25% HRT 2025-2027	11/28/2027	-	0.00	99.95	8.12%	99	16/09/2026

* 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	5.24%		96.5	16/09/2026
5% MED 2022-2027 GBP	10/13/2027	-	0.00	0.00	4.99%		100	16/09/2026

* 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	16/09/2026

* 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	12.05%
0.40% MGS 2026 (II)	10/20/2026	-	98.16	0.00	21.81%
0.40% MGS 2027 (IV)	11/19/2027	-	96.72	0.00	3.28%
0.80% MGS 2027 (III)	4/29/2027	-	99.01	0.00	2.44%
0.90% MGS 2027 (V)	08/12/2027	-	97.71	0.00	3.51%
0.90% MGS 2031 (V)	07/11/2031	-	89.39	0.00	3.30%
1.0% MGS 2031 (II)	4/23/2031	-	89.85	0.00	3.40%
1.00% MGS 2035 (II)	8/23/2035	-	77.79	0.00	3.98%
1.20% MGS 2037 (I)	5/13/2037	-	76.61	0.00	3.90%
1.40% MGS 2046 (I)	8/20/2046	-	60.64	57.34	4.38%
1.5% MGS 2027 (I)	6/15/2027	-	99.16	0.00	2.65%
1.50% MGS 2045 (I)	10/22/2045	-	62.72	0.00	4.41%
1.60% MGS 2032 (III)	05/03/2032	-	90.18	0.00	3.54%
1.70% MGS 2028 (IV)	08/04/2028	-	97.70	0.00	2.97%
1.80% MGS 2051 (I)	8/28/2051	-	59.32	50.33	4.54%
1.85% MGS 2029 (III)	5/30/2029	-	97.00	0.00	3.02%
2.00% MGS 2051 (II)	07/10/2051	-	62.90	0.00	4.50%
2.1% MGS 2039 (I)	8/24/2039	-	79.88	0.00	4.12%
2.10% MGS 2032 (IV)	4/15/2032	-	92.85	0.00	3.52%
2.2% MGS 2035 (I)	11/24/2035	-	85.35	0.00	4.13%
2.3% MGS 2029 (II)	7/24/2029	-	97.83	97.50	3.10%
2.4% MGS 2041 (I)	7/25/2041	-	77.75	0.00	4.47%
2.40% MGS 2052 (I)	8/13/2052	-	75.22	77.00	3.93%
2.5% MGS 2036 (I)	11/17/2036	-	85.76	0.00	4.24%
2.55% MGS 2030 (V)	02/06/2030	-	97.88	0.00	3.22%
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	-	99.19	0.00	3.10%
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	3.23%
2.9% MGS 2032 (VI)	10/24/2032	-	95.25	0.00	3.78%
3% MGS 2040 (I)	06/11/2040	-	85.59	0.00	4.41%
3.00% MGS 2030 (IV)	11/05/2030	-	98.47	0.00	3.40%
3.15% MGS 2027 (VII)	5/20/2027	-	100.67	0.00	2.14%
3.25% MGS 2034 (IV)	09/05/2034	-	95.06	0.00	3.98%
3.35% MGS 2029 (V)	11/27/2029	3,000	99.64	0.00	3.47%
3.4% MGS 2027 (VI)	9/24/2027	-	100.93	0.00	2.47%
3.40% MGS 2035 (IV)	7/16/2035	-	95.05	94.00	4.07%
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	-	100.53	0.00	3.19%
3.50% MGS 2034 (III)	7/31/2034	-	97.00	98.00	3.95%
3.50% MGS 2035 (III)	12/18/2035	-	97.50	97.50	3.82%
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	2.17%
3.75% MGS 2033 (III)	8/17/2033	-	104.75	0.00	2.98%
3.80% MGS 2036 (III) A	04/08/2036	-	99.38	0.00	3.88%
3.80% MGS 2036 (III) r	04/08/2036	10,000	100.00	99.00	3.80%
3.80% MGS 2036 (IV) A	07/08/2036	-	99.45	0.00	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	20,000	93.21	25.00	4.45%
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	1.72%
4% MGS 2032 (VII)	3/30/2032	-	102.10	0.00	3.58%
4.00% MGS 2033 (IV)	12/05/2033	-	100.63	98.00	3.90%
4.00% MGS 2038 (I)	8/25/2038	20,000	100.20	98.50	3.98%
4.00% MGS 2043 (I)	11/26/2043	500	96.00	95.00	4.33%
4.1% MGS 2034 (I)	10/18/2034	-	100.74	0.00	3.99%
4.10% MGS 2041 (II)	11/28/2041	500	99.00	98.50	4.19%
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)	9/14/2046	-	100.00	96.50	4.25%
4.25% MGS 2046 (II) A	9/14/2046	-	100.00	0.00	4.25%
4.25% MGS 2046 (II) r	9/14/2046	-	100.00	0.00	4.25%
4.3% MGS 2033 (I)	08/01/2033	-	102.63	0.00	3.86%
4.30% MGS 2038 (II)	11/15/2038	-	103.83	0.00	3.90%
4.45% MGS 2032 (II)	09/03/2032	-	104.00	0.00	3.70%
4.5% MGS 2028 (II)	10/25/2028	1,000	102.36	0.00	3.33%
4.65% MGS 2032 (I)	7/22/2032	3,000	104.39	0.00	3.80%
4.8% MGS 2028 (I)	09/11/2028	-	103.66	0.00	2.89%
5.1% MGS 2029 (I)	10/01/2029	-	104.65	0.00	3.47%
5.2% MGS 2031 (I)	9/16/2031	20,000	106.77	0.00	3.70%
5.25% MGS 2030 (I)	6/23/2030	-	105.88	106.50	3.56%
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.