With reference to Press Release No. 252079 published on 21 November 2025, the Treasury Department announces the final results including the details of subscriptions and allotment in each stock by retail investors.
In this issue, the Treasury received a total nominal amount of €542,738,800 from both retail and wholesale investors against the authorised sum on issue of €350,000,000 subject to an over-allotment option for an additional amount of up to a maximum of €100,000,000.
Subscriptions by Retail Investors
By the closing date at 2.30 p.m. on Wednesday, 19 November 2025, the Treasury received 3,134 applications from retail investors in the three Malta Government Stocks amounting to €103,238,800 nominal. As already announced, these applications which were made under the non-competitive part of the issuance at pre-announced fixed price have been accepted in full.
The details of applications received and allottment in each stock are as follows:
| Stock Description | No. of applications received | Nominal Amount Allotted (€) |
| 2.55% Malta Government Stock 2030 (V) at €100.00 | 808 | 20,910,300 |
| | | |
| 3.40% Malta Government Stock 2035 (IV) F.I. at €100.00 | 1,345 | 41,689,800 |
| 3.80% Malta Government Stock 2040 (II) F.I. at €100.00 | 924 | 40,638,700 |
| | | |
| Total | 3,077 | 103,238,800 |
Competitive Auction – Wholesale Investors
By the closing date at noon on Friday, 21 November 2025, the Treasury received 71 bids from wholesale investors in the three stocks having a total nominal value of €439,500,000 which were allotted as follows:
| | Bids received in the Auction | | Allotment | |
| Stock Description | No. | Nominal Amount (€) | No. | Nominal Amount (€) |
| 2.55% Malta Government Stock 2030 (V) | 30 | 157,500,000 | 23 | 106,000,000 |
| | | | | |
| 3.40% Malta Government Stock 2035 (IV) F.I. | 31 | 180,500,000 | 26 | 130,500,000 |
| | | | | |
| 3.80% Malta Government Stock 2040 (II) F.I. | 10 | 101,500,000 | 8 | 86,500,000 |
| Total | 71 | 439,500,000 | 57 | 323,000,000 |
More information can be found in the MGS Issuance Results published on the Treasury Department's website at https://treasury.gov.mt/en/resources/malta-government-stock-news/.
