The Treasury has announced the issuance of €65,000,000 of the 3% 62+ Malta Government Savings Bond – Issue 2019, which may be increased by a maximum amount of €35,000,000 in the event demand exceeds the amount on issue, redeemable on 20th March, 2024 with a nominal value of €100 issued at par.
This Bond is being offered to:
(A) Individuals born in 1957 and individuals born before 1957 who did not apply in the past issuances of the 62+ Malta Government Savings Bond held in 2017 and 2018, (Category ‘A’ Applicants)
(B) Individuals who already participated in the past issuances of the 62+ Malta Government Savings Bond held in 2017 and 2018 and whose name appeared on the register at the close of business of Tuesday 5th February 2019 (the Cut-Off Date). (Category ‘B’ Applicants)
An eligible individual can invest a minimum amount of €500 up to a maximum amount of €10,000 in this bond however, following on from the last two issues of 62+ Malta Government Savings Bonds in 2017 and 2018, preference will be given to new eligible applicants (Category ‘A’) made up of (i) individuals born in 1957 and (ii) individuals born before 1957 who were eligible to apply in past issuances but did not participate.
After the bonds are allotted to these new applicants, the remaining amounts available for allocation will be allocated among past applicants whose name appear on the register of the 62+ Savings Bonds on Tuesday 5th February 2019 (Category ‘B’), (the cut-off date), in accordance with the discretion of the Accountant General.
Applications open on Wednesday 13th March 2019 and shall close at 5:00pm on Thursday 14th March, or earlier at the discretion of the Accountant General.
How to apply
i. Category ‘A’ Applicants may submit their order through CC Trader using the instrument “3% 62+ MALTA GOVERNMENT SAVINGS BOND 2024 Form A” along with completing and submitting Application Form A to a Calamatta Cuschieri branch of their choice which may be downloaded HERE.
ii. Category ‘B’ Applicants may submit their order through CC Trader using the instrument “3% 62+ MALTA GOVERNMENT SAVINGS BOND 2024 Form B” along with completing and submitting their Application Form B to a Calamatta Cuschieri branch of their choice which shall be received by post directly to the applicants.
All orders for Category ‘A’ and Category ‘B’ applicants must be accompanied by their corresponding application forms signed in original along with copies of the ID cards of the applicants in the case of Category ‘A’ applications. Orders which are not accompanied by an original application form will be cancelled.
Orders may be placed by contacting us on +356 25 688 888, via email on [email protected] or through your financial advisor. You can also show interest for the Malta Government Savings Bond by filling in the form available HERE
A copy of the prospectus is available HERE