Malta Government Stocks – February 2024

MeDirect Bank (Malta) plc is currently accepting applications for the new Malta Government Stocks (“MGS”) for a total aggregate amount of €270,000,000 subject to an over-allotment option of €130,000,000 in the event of over-subscription. Applications close on Wednesday, the 21st of February 2024 at 14:30 hrs., or earlier at the discretion of the Accountant General.

The new fixed rate bonds are:

MT0000013863 – 3.15% Malta Government Stock 2027 (VII)

  • Interest payable semi-annually in arrears on 20th of May and the 20th of November.
  • The first interest payment will include accrued interest for the period from the 26th of February 2024 (the issue date) up to and including the 19th of May 2024 (both dates inclusive) will be made on the 20th May 2024.

The bond will be offered at €100.00 with a YTM of 3.1490% which corresponds to an annualised rate of 3.1738% and will mature on 20th May 2027.

MT0000013897 – 3.35% Malta Government Stock 2029 (V)

  • Interest payable semi-annually in arrears on the 27th of May and the 27th of November.
  • The first interest payment will include accrued interest for the period from the 26th of February 2024 (the issue date) up to and including the 26th of May 2024 (both dates inclusive) will be made on the 27th of May 2024.

The bond will be offered at €100.00 with a YTM of 3.3493% which corresponds to an annualised rate of 3.3774% and will mature on 27th of November 2029.

The general public has the possibility of applying for these bonds in multiples of €100 and up to a maximum of €499,900 (nominal) per person.

Prospective investors are requested to read the Press Release issued by the Ministry of Finance and the Prospectus.

If you are interested in applying, please send us a Secure Mail or contact your existing Relationship Manager. For further information, please call us on (+356) 2557 4400 or send an email to info@medirect.com.mt.


The information set forth in this article is only for informative purposes and should not be construed as an offer to sell or solicitation of an offer to subscribe for or purchase any investment. The information provided is subject to change without notice and does not constitute investment advice or any guarantee of returns. Please consider the terms and conditions governing the relevant investment prior to making any investment decision. Investors should note that at worst they may lose all of their invested principal in the event of default, insolvency and/or bankruptcy of the relevant issue. The financial instruments discussed may not be suitable for all investors and investors must make their own informed decisions and seek their own advice regarding the appropriateness of investing in financial instruments or implementing strategies discussed herein.

MeDirect Bank (Malta) plc has based this document on information obtained from sources it believes to be reliable but which have not been independently verified. MeDirect Bank (Malta) plc does not therefore provide any guarantees, representations or warranties. The value of any investment or income may go up as well as down and past performance is no guarantee of any future performance. When an investment is denominated in a currency other than your local or reporting currency, changes in exchange rates may have an adverse effect on your investment.

MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority under the Banking Act (Cap. 371) and the Investment Services Act (Cap. 370). This material shall not be reproduced in any way, whether in whole or in part. Any unauthorised disclosure, use or dissemination, either in whole or in part, of the material contained within is strictly prohibited.

The pros and cons of a home equity loan

Home Equity is the value of the property that you own. Put more simply, your home equity is the difference between the market value of your home and the outstanding balance on your mortgage. A home equity loan allows you to borrow money against the value of your home.

There are several advantages associated with taking out a home equity loan. The most obvious of these is the fact that you can generate significant cash flow, depending on how much equity you have in your property. You can use this to fund a significant purchase such as a boat or a car, pay for home improvements or an event like a wedding.

A home equity loan also offers the additional advantage of offering interest rates which are lower than those which can be found for a standard personal loan. This is because it is secured by your home. The duration of a home equity loan is also likely to be longer than that of a personal loan, making your monthly repayments even more manageable.

On the downside, you do need to keep in mind that a home equity loan is secured by your property. This means that if, for some reason, you are no longer able to make your payments you run the risk of losing your home. Furthermore, when you take out a home equity loan, this inevitably reduces the equity you have in your home. Should the property market stagnate or decline, there is a possibility that the value of your home ends up being less that the total amount of your loans. This could then have an impact on your ability to sell the property.

When considering a home equity loan, it is important to note that these types of loans are designed primarily to cover significant expenses over the long term. If you need to cover more mundane expenses in the short term, other option might be more appropriate. Also, while the opportunity to access large amounts of money can be very tempting, make sure that you are comfortable with the additional monthly repayments you will have to make over a number of years.

A home equity loan can be a useful way to access cash for various purposes, but it also comes with some risks and costs. You should weigh the pros and cons carefully before deciding to apply for one. If you would like more information, visit the Home Equity Loan page on our website, where you will also find ways to contact us for additional advice from our home loans experts.

MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994. Applications are subject to the Bank’s lending criteria. Terms and conditions apply and are available on request.

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We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.