26/05/2023
The Accountant General announces the details of an Offer of Rollover to Bondholders of the 62+ MGSB –
Issue 2018 to a new, 62+ MGSB – Issue 2023.
The new 62+ MGSB – Issue 2023 shall
be issued with the same terms as the existing 62+ MGSB – Issue 2018, save for
the interest rate which shall be 3.60% per annum fixed for the 5-Year term. A
prescribed Application Form showing the nominal amount held in the 62+ MGSB – Issue 2018 is being sent by the Accountant General to all the bondholders of the 62+ MGSB – Issue 2018 whose name appeared on the register
at close of business of Friday 26th of May 2023 (the cut-off date).
Bondholders who
wish to roll over their holdings should complete the Application Form and send
it to the Registrar in the self-addressed envelope provided with the Application
Form. The Application Forms are to be received by not later than Tuesday 6th
of June 2023. Bondholders who do not wish to choose to roll over their holdings
do not need to do anything and will receive the whole redemption proceeds on
the maturity date of the Maturing Bond on the 19th of June
2023.
More details can be obtained from the press release issued
by the DOI, and the Prospectus.