PRESS RELEASE BY THE MINISTRY FOR FINANCE Offer of Rollover to Bondholders of 62+ Malta Government Savings Bond – Issue 2020 to a New 62+ Malta Government Savings Bond – Issue 2025

The Accountant General invites bondholders of the maturing 62+ Malta Government Savings Bond (MGSB) – Issue 2020 (Maturing Bond) to rollover the full maturing value into a new 62+ Malta Government Savings Bonds – Issue 2025 (New Bond) with effect from Monday, 21 July 2025. Existing Bondholders of the 62+ MGSB – 2020 electing to rollover their holdings in the new 62+ MGSB – Issue 2025, shall be allocated the corresponding nominal value they held in the maturing bond.

The new 62+ MGSB – Issue 2025 shall be issued with the same terms as the existing 62+ MGSB – Issue 2020 save for the interest rate which shall be at 2.70% per annum fixed for the 5-Year term. The new 62+ MGSB – Issue 2025 shall be issued as set out in the prospectus published on Friday, 20 June 2025.

Arrangements for Rollover

A pre-printed Application Form showing the nominal amount held in the 62+ MGSB – 2020 is being sent by the Accountant General to all the holders of the 62+ MGSB – Issue 2020 whose name appeared on the register at close of business of Thursday, 5 June 2025 (the cut-off date).  Holders who wish to rollover their holdings should sign the Application Form and send it in the self-addressed envelope provided with the Application Form. Application Forms are to be sent by NOT LATER THAN close of business of Monday, 7 July 2025.

Bondholders who do not wish to rollover their holdings do not need to do anything and will receive the whole redemption proceeds on Monday, 21 July 2025 (maturity date). 

Bondholders of the 62+ MGSB – Issue 2020 electing to rollover their holdings in the New Bond shall be registered as holders of the new 62+ Malta Government Savings Bonds – Issue 2025, with effect from Monday, 21 July 2025.

Terms of the new 62+ MGSB – Issue 2025

The terms of the New Bond are similar to the terms and conditions of the 62+ Malta Government Savings Bonds - Issue 2020, except for the interest rate which shall be 2.70% per annum for the whole five-year term of the Bond maturing in the year 2030. The Bond cannot be negotiated, assigned, transferred onto any other individual or pledged.

Interest will be paid semi-annually in arrears on the 21 of January and on the 21 of July of every year during the term of the Bond. Bondholders may withdraw the whole amount invested before the 21 of July 2030 (the maturity date) subject to a penalty equivalent to three (3) months gross interest on the principal amount withdrawn, at the interest rate paid by the Bond.

More information can be found in the prospectus which can be downloaded from the Treasury's website at www.treasury.gov.mt.