early repayment of principal is subject to a penalty equivalent to three months interest. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. Finance minister Edward Scicluna this morning announced that the government will be issuing a savings bond called ‘62+ Government Savings Bond’ for pensioners aged 62 and above. The amount on issue - €60million - will be subject to an over-allotment option of an additional amount up to a maximum of €35million, the government said on Tuesday. The bond amount will be €60 million, however, the Minister said that if the demand is greater the issue will be raised … Securities admitted to the Prospects MTF are issued by small and medium sized enterprises (SMEs). The existing holders of the 62+ Malta Government Savings Bond who are interested to apply for this new 62+ Savings Bond may lodge their application form at one of the authorised financial institutions or authorised investment service providers. The allocation policy shall give preference to new eligible applicants who have not yet invested in the 62+ Malta Government Savings Bond. Prices correct as at 3rd November 2020 and taken from the Malta Stock Exchange official trading log The Malta 10Y Government Bond has a 0.215% yield. The Accountant General announces the issue of the 62+ Malta Government Savings Bond - Issue 2020. The initial bond issue will amount to €60 million and may increase to €95 million to satisfy demand if necessary. APPLICATION FORM. Yield changed +1.6 bp during last week, -8.3 bp during last month, -20.1 bp during last year. The bond, which will be issued on 4 September, will have a five-year maturity at an interest rate of 3% which will be payable twice a year. Registered Address: 08/07/2020 62+ Government Savings Bonds - Issue 2020 The Minister of Finance, Professor Edward Scicluna announced the fourth 62+ bond issue for elderly persons. The Malta credit rating is A-, according to Standard & Poor's agency. Investing in individual bonds is highly convenient; an investor can calculate the exact income stream deriving from fixed income bonds at any point in time. The terms of the issue are very similar to the terms and conditions of the 62+ Malta Government Savings Bonds issued in the past three years. Join not to miss out on any new products and promotional offers made available to our subscribers. The amount on issue shall be €65,000,000, subject to an over-allotment option of an additional amount up to a maximum of €35,000,000. This bond shall include the following main features: rate of interest of 3% per annum fixed for five (5) years until the maturity of the bond in 2025; Unlike many neighboring EU countries, Malta has an excellent credit rating (BBB+) and their Government Bonds are in high demand amongst both professional and retail bond investors. Mutual funds are an easy way to invest in fixed income. The maturity of these bonds (on date of issue) ranges from 5 to 25 years. As announced by the Minister for Finance and Financial Services on the 30th June 2020, the new fixed rate 62+ Malta Government Savings Bond – Issue 2020 shall open on Wednesday 15th July 2020. Updated on 28/12/2020 Filter by Symbol Filter by Maturity All Maturities Short Term (up to 5 years) Only Medium Term (5 - 10 years) Only Long Term (over 10 years) Only As announced by the Minister for Finance and Financial Services on the 30th June 2020, the new fixed rate 62+ Malta Government Savings Bond – Issue 2020 shall open on Wednesday 15 th July 2020. The Government Securities Office publishes daily bid, offer prices and yields for each outstanding bond issued by the Malta Government for a T+2 settlement basis, following the move taken by the MSE together with most European markets. Investment in smaller companies can involve greater risk than is generally associated with investment in larger more established companies and can result in significant capital losses. As stipulated in the prospectus, interest on the amount allocated commenced accruing as from 21 st July 2020. The Malta 10 Years Government Bond has a 0.225% yield (last update 19 Dec 2020 11:16 GMT+0). maturing in 202. 62+ Malta Government Savings Bond The Finance Minister, Professor Edward Scicluna has announced the fourth 62+ bond issue for elderly persons. The Bond shall be issued at par in units of €100 and cannot be negotiated, assigned, transferred onto any other individual or pledged. 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( 2 ) Estonia issued a 10-year government bond in June 2020. As announced by the Minister for Finance and Financial Services on 30th June 2020, the Accountant General is launching another issue of the 62+ Malta Government Savings Bond for the elderly born during the year 1958 or before. The full terms and conditions have been issued in the Prospectus. Sign up to our newsletter and keep yourself abreast with the latest happenings across the local and international financial markets. More information can be found in the prospectus which is now available and can be downloaded from the Treasury’s website at www.treasury.gov.mt​. [WATCH] New government bonds for those 62 and over People born in 1956 can apply for government bonds with a minimum investment of €500 and a maximum of €8,000 29 May 2018, 4:33pm Bondholders may withdraw the whole amount invested before the maturity date subject to a penalty equivalent to three (3) months gross interest on the principal amount withdrawn at the interest rate of the Bond. Average Long-term Government Bond for Malta from European Communities, EUROSTAT for the Eurostat - Long Term Government Bond Yield release. Applications from eligible investors for a minimum amount of €500 up to a maximum of €10,000 per person open on Wednesday 15th July at 8.30 a.m. and close the next day at 5.00 p.m on Thursday 16th July 2020, or earlier at the discretion of the Accountant General. The Bond earns interest at a fixed rate of 3% per annum for the whole five-year term of the Bond maturing in the year 2025. In view of the plans by the Treasury to offer retail investors the 62+ Malta Government Savings Bond again in 2020 as a result of the very low interest rate environment, retail investors who do not qualify for these ‘subsidised’ offerings or who do not find these securities sufficiently attractive to supplement their other sources of income in view of the current standard of living, must resort to other … Subscriptions in the Bond are to be made in the sole name of the applicant. Bond Funds. The amount on issue shall be €60,000,000, subject to an over-allotment option of an additional amount up to a maximum of €35,000,000. Malta Stock Exchange plc Issued By Authority of the Board Official List (cont.) Data is now available. Domestic sovereign yields continue to also be conditioned by peripheral moves, which over the past month narrowed, as interest rate expectations shifted to “lower for longer” following the Fed’s updated stance, resulting in a parallel shift of the sovereign yield curve. Jesmond Mizzi Financial Advisors deliver a personalised blend of wealth management services for private and institutional clients. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. Additional information can be found on the issuance results of the 62 + Malta Government Savings Bond – Issue 2020 published in the Treasury’s website at www.treasury.gov.mt. Individual Bonds. The amount on issue is €60 million subject to an over-allotment option of an additional amount up to a maximum of €35 million. Central Bank Rate is 0.00% (last modification in March 2016). Applications for eligible individuals born in the year 1958 or before open on Wednesday 15th July 2020. Retirement Age Men in Malta averaged 61.53 from 2004 until 2020, reaching an all time high of 63 in 2019 and a record low of 61 in 2005. Additionally these instruments do not attract any annual fees. The Accountant General is launching another issue of the 62+ Malta Government Savings Bond for those born in 1958 or before. Bank of Valletta p.l.c. Up to €95 million in government bonds will be made available for those over 62 years of age as of two weeks’ time, Finance Minister Edward Scicluna announced on Tuesday. Interest is paid semi-annually in arrears on the 21st January and 21st July in every year during the term of the Bond. Application Form A. Approved and issued by HSBC Global Asset Management (Malta) Ltd, Business Banking Centre, 80, Mill Street, Qormi QRM 3101, Company Reg No C20653 which is authorised to provide investment services by the Malta Financial Services Authority under the Investment Services Act. Retirement Age Men in Malta remained unchanged at 63 in 2020 from 63 in 2019. Refunds Applications for the 62+ Malta Government Bond – Issue 2020 will open at 8.30am tomorrow July 15 and close the next day at 5pm, or earlier at the discretion of the accountant general. South Street, Valletta Thursday, December 24, 2020 Official List - Malta Goverment Bonds Security ISIN Amount Listed Security Name Symbol Code Currency Listing MT0000012139 286,651,500 4.5% MGS 2028 (II) G28B EUR Primary MT0000012220 140,454,200 4.65% MGS 2032 (I) G32A EUR Primary Il-Bond se jinħareġ b’parità f’unitajiet ta’ €100 u ma jistax jiġi nnegozjat, assenjat, trasferit lil … This has been prepared for information purposes only and does not constitute an investment advice. Jesmond Mizzi Financial Advisors is a member of the Atlas Group. All individuals born during the year 1958 or before who shall be classified in two categories i.e. Euro coins issued in … 67, Level 3, It-62+ Savings Bond tal-Gvern ta’ Malta jgħaddi mgħax b’rata fissa ta’ 3% fis-sena għall-perjodu kollu ta’ ħames snin sakemm idum il-Bond, li jimmatura fis-sena 2024. ( 3 ) A harmonised long-term interest rate is presented starting mid-May 2010. New eligible applicants in the 62+ Malta Government Savings Bond made up of (i) individuals born in the year 1958 and (ii) individuals who were eligible to apply in the past issuances of the 62+ Malta Government Savings Bond but did not apply, may download the application form from the Treasury Department’s website at www.treasury.gov.mt or obtain and lodge the application form at one of the authorised financial institutions and authorised investment service providers. This shall not be regarded as an invitation to buy or sell any investment. Fill in your details below and we’ll help you out! VLT 1105, Malta, Copyright © 2019 Jesmond Mizzi Financial Advisors Ltd. – all rights reserved | privacy policy | Terms of Use, 62+ Malta Government Savings Bond – Issue 2020, Copyright © 2019 Jesmond Mizzi Financial Advisors Ltd. – all rights reserved |, Recruitment Data Protection & Privacy Policy, every eligible individual can apply in his or her sole name for a. interest is paid semi-annually in arrears; the bond is not negotiable and cannot be transfered onto another individual; and. The 62+ Malta Government Savings Bond earns interest at a fixed rate of 3% per annum for the whole five-year term of the bond maturing on 2024. The issue of the 62+ Malta Government Savings Bond of this year shall be open to all individuals born in the year 1958 or before. To this effect they shall be receiving an information letter and an application form with their own details from the Accountant General. Please use block capitals throughout this form This bond shall include the following main features: The amount on issue shall be €60,000,000 and may be increased by an additional maximum amount of €35,000,000, in the event of oversubscription. July 7, 2020 | 0 1 min read The Accountant General is launching another issue of the 62+ Malta Government Savings Bond for those born in 1958 or before. Additional information can be found on the issuance results of the 62 + Malta Government Savings Bond – Issue 2020 published in the Treasury's website at www.treasury.gov.mt. Before, the Luxembourg Government did not have outstanding long-term debt securities with a residual maturity of close to ten years. of the Laws of Malta). Past performance is not a guide to future performance and the value of the investment may go down as well as up. October 2020. Applications shall open at 8:30 a.m. on Wednesday 15th July 2020 and close at 5:00 p.m. on Thursday 16th July 2020, or earlier at the discretion of the Accountant General. R. 62+ MALTA GOVERNMENT SAVINGS BOND – Issue 2020. This page provides - Malta Retirement Age Men - actual values, historical data, forecast, chart, statistics, economic calendar and news. 5. During February 2019, Central Government Debt stood at €5,440.4 million, an increase of €31.4 million.This was primarily the result of higher Treasury Bills (€198.3 million) and the 62+ Malta Government Savings Bond (€92.6 million). As announced by the Minister for Finance and Financial Services on 30 th June 2020, the Accountant General is launching another issue of the 62+ Malta Government Savings Bond for the elderly born during the year 1958 or before. End o f June €135.1 0 From the 15th till the 23rd December €135.10 3% - Five-Year term . 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