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The Treasury has announced the second issuance (October 2017) of up to a maximum of €30,000,000 of the 62+ Malta Government Savings Bond.
This Bond is being offered to:
(i) Individuals born in 1955 or before who did not participate in the September 2017 issuance; and
(ii) Applicants who applied for more than €5,000 in the first issuance and whose amounts were not allocated in full.
It has a fixed rate of 3% gross payable every six-months (half yearly) in arrears by direct credit. The Security has a 5 year maturity ending 13th September 2022. On maturity the bond will be paid by credit transfer. The retail savings bond will be issued at par value.
New applicants can apply for a maximum amount of €10,000 and a minimum of €500. These applicants will be subject to the same allocation policy applied for the applicants of the first issuance of the 62+ Malta Government Savings Bond, unless the issuance is oversubscribed after such allocation policy is applied. (Form A – can be acquired from one of Calamatta Cuschieri’s branches).
Applicants of the 62+ Malta Government Savings Bond who participated in September 2017 issuance whose amounts were not accepted in full, shall receive a letter of application (Form B) from the Treasury latest by Monday 9th October, 2017. These applicants who wish to participate in this issue should sign and hand in the letter application to Calamatta Cuschieri. Applicants who do not wish to participate shall receive the refund after the close of the October issue.
A copy of the prospectus is available HERE.
Applications shall open on Monday 16th October, 2017 (at 8:30 a.m.) and close at 5:00pm on the same day, or earlier at the discretion of the Accountant General.
Clients can apply for the subscription in the bond by contacting us on 25 688 688, or through your investment advisor in one of our branches across Malta and Gozo. You can also show interest for the Government Savings Bond by clicking here.
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