New Issuance of Malta Government Stock - October 2022
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New Issuance of Malta Government Stock - October 2022

Updated: 27/10/2022

Malta Government Stock Issue - October 2022  – Results and allocation announced 

The Treasury announces the results and allocaton  of the stocks issued.  More information is available in the Press Release​  issued on Thursday 27th October 2022.  Additional information can be found on the MGS Issuance Results​ published on the Treasury's website.”


Malta Government Stock Issue - October 2022:- Closure of the MGS Issuance announced - Retail applications accepted in full

The Treasury announces that the Malta Governement Stock Issue of October 2022 has been closed after the amount of subscriptions received from retail investors was just below €300 million.  The Treasury exercised its oversubscription option such that the aggregate amount to be allocated has been increased up to a maximum amount of €300 million.

As a result of this development, the auction which was scheduled to be held at noon on Friday 14th October 2022 has been cancelled as no material volume was left available for allocation under the auction/bid system. The Treasury will be launching another MGS issue in mid-November 2022.

The full results will be published on Treasury’s website as soon as all the applications have been vetted for compliance with the Offering Circular and General Prospectus.  The Press Release can be accessed by clicking on the link below:

PRESS RELEASE BY THE MINISTRY FOR FINANCE AND EMPLOYMENT Closure of the Malta Government Stock Issuance - October 2022​


Further to Press Release No. 1302 issued on Friday 30th September 2022, the Accountant General notifies that the price for each Stock offered for subscription by members of the public has been established as follows:  

(i)         3.40% Malta Government Stock 2027 (VI) at €101.25 with a YTM of 3.124%, which corresponds to an annualised rate of 3.149%; and

(ii)        4.00% Malta Government Stock 2032 (VII) at  €100.00 with a YTM of 4.000%, which corresponds to an annualised rate of 4.040%.  

More information is available in the Press Release issued on Thursday 6th October, 2022.


The Accountant General announces the issue of €200 million Malta Government Stock (MGS) subject to an over-allotment option of an additional sum up to a maximum of €100 million in the following two stocks:

(1) 3.40% Malta Government Stock 2027 (VI); and

(2) 4.00% Malta Government Stock 2032 (VII).

The time window for applications by retail and institutional investors shall be as indicated below:

a) Retail Investors

Applications for retail investors open at 8.30 a.m. on Monday, 10th October 2022 and close at 2.30 p.m. on Wednesday, 12th October 2022 or earlier at the discretion of the Accountant General.  

The fixed price of each stock offered under the non-competitive element of the issuance (Retail Investors) will be published by a Press Release on Thursday, 6th October 2022.  The application forms will be available as from  Friday, 7th  October 2022.

b) Wholesale Investors (Auction)

Applications (bids) for participation in the competitive auction open at 8.30 a.m. on Friday, 14th October 2022 and close on the same day at noon (CET). 

More details can be obtained from the Press Release issued by DOI and the Offering Circular​.  The General Prospectus can be downloaded by clicking here​.