Malta Government Stocks Issue – July 2026

The Government of Malta has officially launched its latest Malta Government Stock (MGS) issue, offering investors the opportunity to invest in sovereign debt issued by the Government of Malta. 

The Government of Malta is issuing €300 million in Malta Government Stocks, available across the two stocks listed below. Should demand exceed the amount on offer, the Accountant General may increase the issue by up to a further €200 million through an over-allotment option. 

4.25% Malta Government Stock 2046 

This stock is being issued at €100 with a yield to maturity (YTM) of 4.2497%, which corresponds to an annualised rate of 4.2949%.

Investors will receive interest every six months, with payments scheduled for 14 March and 14 September each year. Since the stock is issued on 3 August 2026, the first interest payment will be made on 14 September 2026 and will amount to 0.485054%, reflecting the interest earned from the issue date until 13 September 2026. 

3.80% Malta Government Stock 2036 

The stock is being issued at €100 with a yield to maturity (YTM) of 3.7997%, which corresponds to an annualised rate of 3.8358%.

Investors will receive interest every six months, with payments scheduled for 8 January and 8 July each year. Since the stock is issued on 3 August 2026, the first interest payment will be made on 8 January 2027 and will amount to 1.631522%, reflecting the interest earned from the issue date until 7 January 2027. 

Applications 

Applications are now open for retail investors and will close at 14:30 on Wednesday, 29 July 2026, or earlier at the discretion of the Accountant General. Given the potential for strong investor demand, interested investors are encouraged to submit their applications as early as possible during the offer period. 

Prospective investors are requested to read the Offering Circular issued by the Ministry of Finance. 

Retail investors may apply for the Malta Government Stocks in multiples of €100, up to a maximum nominal investment of €499,900 per applicant. 

How to apply 

If you are considering participating in this Malta Government Stock Issue, we recommend funding your account via bank transfer using your dedicated IBAN.  Your IBAN details are available on the Moneybase platform, as well as on your portfolio and statement reports. Alternatively, you can add funds to your account instantly by card through the Moneybase app.   

There are no application fees associated with subscribing to this Issue. 

Customers may apply through the following channels: 

Online 

Applications can be submitted through the Moneybase platform, available on iOS, Android, and web. To apply, search for the stock you want to invest in within the platform and complete your application in just a few steps. 

4.25% Malta Government Stock 2046

3.80% Malta Government Stock 2036 

Advisory 

Clients seeking investment advice or personalised assistance may contact their financial advisor or visit any of our branches located in Birkirkara, Mosta, Sliema and Fgura. 

Our advisory teams will be available throughout the application period to guide clients through the subscription process and answer any queries they may have. 

Our ISO-certified Customer Care team is available 7 days a week. Clients can get in touch via in-app live chat or by calling on +356 25 688 688. 

Calamatta Cuschieri Investment Services Limited is a member of the Maltese Investor Compensation Scheme. Instruments entrusted with us are covered under the Scheme in line with the Investor Compensation Scheme Regulations (S.L. 370.09). 

The information contained in this article is provided strictly for information purposes and does not constitute, nor should it be interpreted as, an offer, invitation, recommendation or solicitation to buy, sell or subscribe to any financial instrument or investment product. The information presented may be amended without prior notice and does not constitute investment advice, investment research or a guarantee of future returns or performance. 

Prospective investors are encouraged to read the applicable terms and conditions, Prospectus and offering documentation in full before making any investment decision. Investors should be aware that investments in financial instruments involve risks, including the possible loss of part or all of the capital invested, particularly in the event of default, insolvency and/or bankruptcy of the issuer. 

The financial instruments referred to herein are intended for retail clients; however, they may not be suitable or appropriate for all investors. Investors should make their own independent assessment and seek independent professional advice regarding the suitability and appropriateness of any investment, taking into account their individual investment objectives, financial situation and risk tolerance. 

The value of investments and any income derived therefrom may fluctuate and can go down as well as up. Past performance is not a reliable indicator or guarantee of future performance. Where investments are denominated in a currency other than the investor’s base or reporting currency, changes in foreign exchange rates may adversely affect the value and/or returns of the investment. 

Calamatta Cuschieri Investment Services Ltd, company registration number C13729, is licensed by the Malta Financial Services Authority to conduct investment services business under the Investments Services Act, Cap 370.