Malta Government Retail Savings Bonds (MGRSBs) are non-marketable, non-transferable, fixed-rate debt instruments issued by the Treasury Department under the Government Borrowing and Management of Public Debt Act, as well as the Malta Government Retail Savings Bonds Regulations.

62+ Malta Government Retail Savings Bonds

Under this legislative framework, between 2017 and 2021 the Treasury Department issued the 62+ Malta Government Retail Savings Bond (62+ MGRSB), a series of bonds with a fixed 3.00% annual coupon payable every six months and a term to maturity of five years. These bond issues were available for individuals aged 62 years and over and were intended to supplement senior citizens’ pension income during a period of very low interest rates.

Eligible applicants could invest up to €10,000 in these bonds. The entire sum invested in the 62+ MGRSB can be redeemed before the set maturity date, subject to a deduction of three (3) months’ interest, by filling the prescribed 62+ MGRSB Early Redemption Form.

Recently, the Treasury Department offered holders of 62+ MGRSB approaching maturity, the possibility of rolling over (re-investing) the entire sum held in a new five-year 62+ MGRSB, bearing a fixed annual coupon reflecting the prevailing five-year market interest rate at the time of rollover.