The Treasury plans to issue a maximum of €500 million worth of Malta Government Stock (MGS) in 2015.

The issue will finance central government borrowing requirements for 2015, including the redemption of six MGS issues amounting to €350 million maturing next year, as well as financing the deficit estimated at €148.6 million.

The Treasury intends to have three to four issues, which will have a mix of five- to 10- and over 15-year maturities. The first MGS offer is intended to be issued in February.

Treasury bills auctions will continue to be held on a weekly basis, normally on Tuesday of auction week. The maturity structure of issues will include a mix of 28-day, 91-day, 182-day, 273-day and 364-day Treasury bills.

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