The Treasury Department announces the interim results of the Malta Government Stock issue of August 2026. The Treasury received a total nominal amount of around €852 million from both retail and wholesale investors against the authorised sum on issue of €300 million, subject to an overallotment option for an additional amount of up to a maximum of €200 million.
Pursuant to Article 9 of the Offering Circular published on 17 July 2026, the Treasury shall exercise the right to increase the authorised sum on issue by up to an additional amount of €200 million.
Subscriptions by Retail Investors
By the closing date at 2.30 p.m. on Wednesday, 29 July 2026, the total value of applications received from retail investors in the two Malta Government Stocks amounted to a nominal value of around €162 million. These applications, which were made under the non-competitive part of the issuance at a pre-announced fixed price for each stock, have been accepted in full.
Allotment details for each stock will be published in a press release and uploaded to the Treasury’s website after applications have been vetted for compliance with the General Prospectus and Offering Circular.
Subscriptions by Wholesale Investors (Competitive Auction)
By the closing date at noon on Friday, 31 July 2026, the Treasury received 41 bids from wholesale investors in the two stocks with a total nominal value of €689.5 million, which have been allocated as follows:
| | Bids received in the Auction | | Allotment | |
| Stock Description | No. | Nominal Amount (€) | No. | Nominal Amount (€) |
| 3.80% Malta Government Stock 2036 (IV) | 29 | 506,500,000 | 9* | 155,500,000 |
| | | | | |
| 4.25% Malta Government Stock 2046 (II) | 12 | 183,000,000 | 10 | 181,500,000 |
| Total | 41 | 689,500,000 | 19 | 337,000,000
|
* One bid at cut-off price partically accepted.
More information can be found in the MGS Issuance Results published on the Treasury Department’s website at Malta Government Stock Issuance Results - The Department
