The Treasury has announced the issue of 62+ Malta Government Savings Bond. The bond is available to all individuals born in 1955 or before. 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.
Eligible applicants can apply for a maximum amount of €10,000 and for a minimum of €500, with an investment increment of €100. Amount to be issued is €50,000,000 to an over-allotment option of up to a maximum of €20,000,000. In the case of over-subscriptions applications will be scaled down.
Applications shall open on Monday 4th September, 2017 and close on Wednesday 6th September, 2017 or earlier at the discretion of the Accountant General.
A copy of the prospectus is available HERE
Clients can apply for the subscription of the bond by contacting their Investment Advisor or by calling 25 688 688 and we will guide you accordingly. You can also show interest for the Government Savings Bond by clicking here.