“New MGS Issues – April 2026 – Prices Announced…”

On 16 April 2026, the Treasury Department announced the pricing of two new Malta Government Stocks for a combined nominal amount of €300 million, with an option to over-allot up to a further €200 million.

---

Stock Details

3.80% Malta Government Stock 2036 (III)

• Issue Price: 100.00% (€100 per €100 nominal)
• Yield to Maturity: 3.7998% per annum

 

4.10% Malta Government Stock 2041 (II)

• Issue Price: 100.00% (€100 per €100 nominal)
• Yield to Maturity: 4.0997% per annum

---

Application Information:

• Applications are open to the general public
• Minimum application: €100 nominal
• Applications must be made in multiples of €100
• Maximum application: €499,900 nominal per stock

---

Subscription Period

Subscriptions for the general public open on Monday, 20 April 2026 and close at 14:30 hrs on Wednesday, 22 April 2026, or earlier at the discretion of the Accountant General.

---

Timberland Invest Ltd is currently accepting applications. If you are interested kindly  contact us on 20908100, and our team will be happy to assist you.

Corinthia Group Finalises Acquisition of Remaining Palm City Stake

The Corinthia Group has reached an agreement to assume full control of one of Libya’s most significant real estate developments, following a €74 million transaction that results in the exit of Kuwaiti investors from the Palm City project.

International Hotel Investments plc (IHI) and Corinthia Palace Hotel Company Limited (CPHCL) will jointly acquire the 50 per cent stake in Mediterranean Investments Holding plc (MIH) previously held by Kuwait’s National Investment Holding. Each party will invest €37 million, resulting in CPHCL increasing its holding in MIH to 75 per cent, with IHI retaining the remaining 25 per cent. Upon completion, MIH will be fully Maltese-owned.

MIH is the parent company of Palm City Limited, which owns and operates the Palm City Residences, a gated oceanfront development of over 400 units located in Janzour, near Tripoli. The group also holds additional real estate interests in Libya.

The transaction, expected to be completed by the end of June 2026 subject to customary conditions, will be financed through a combination of upfront payments and debt funding. IHI’s investment will be supported by financing from APS Bank plc, with repayment expected to be funded primarily through dividend distributions.

As at June 2025, MIH reported gross assets of approximately €324.5 million and profits after tax of around €13.5 million for 2024. The acquisition price is significantly below MIH’s net asset value of €213.6 million. The transaction qualifies as a related-party transaction but has been approved by IHI’s audit committee and board as fair and reasonable.

APS Bank plc to seek shareholder approval for buyback programme, debt issuance and dividend

APS Bank plc will ask shareholders to approve a share buyback programme, a potential €150 million debt issuance, and a final net dividend of €0.015 per share at its upcoming general meeting.

The proposals follow a €26.5 million pre-tax profit for 2025, driven by higher net interest income and loan growth. The buyback would allow the bank to repurchase up to five million shares at prices between €0.45 and €0.75, subject to regulatory approval.

Shareholders will also vote on granting the board authority to issue up to €150 million in bonds or other debt instruments. In addition, the board has recommended a gross final dividend of €11.4 million, with shareholders given the option of receiving the payout in cash or shares.

Malta airport traffic strengthens with double-digit March growth

Passenger traffic at Malta International Airport rose to 815,947 in March, up 12.5 per cent year-on-year, supported by stronger late-month demand and a peak of 34,005 passengers on 29 March ahead of a public holiday.

The month also marked an improvement over February’s performance, reflecting the seasonal upswing into spring. Aircraft movements increased 10.2 per cent to 5,283, while the seat load factor stood at 84.7 per cent. The United Kingdom was the largest source market at 20.0 per cent, ahead of Italy at 18.0 per cent, followed by Poland, Germany and Spain.

Computime 2025 profit rises 22% as revenue climbs

Computime Holdings plc reported a strong 2025 performance, with revenue rising 13 per cent to €21.3 million and operating profit increasing 21 per cent to €3.1 million, driven by growth across its software, fintech and systems integration divisions.

The company’s first full year post-IPO saw improved margins, higher recurring revenue at 74 per cent of total, and stronger cash generation, with cash reserves rising to €6.82 million. Profit before tax increased 22 per cent to €3.08 million.

The board proposed a final dividend, bringing the total 2025 payout to an estimated 6.5 per cent yield based on the IPO price, while noting continued momentum into 2026 despite macroeconomic uncertainty.

Malta Company Announcements:

APS Bank Malta plc

A Market Briefing will be held on Thursday, 30 April 2026 at 1400 hours CET, following the announcement and publication of the Bank’s and Group’s unaudited financial results for the 3-months ended 31 March 2026.

The event will be conducted online by the Bank’s management team, livestreamed and with interactive Q&A.

RS2 plc

The Company announces that the Board of Directors is scheduled to meet on the 23rd April 2026 to consider and if thought fit to approve the Group’s and the Company’s Financial Statements for financial year ended 31 December 2025.

‘Disclaimer: The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly, any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Timberland Finance has not verified and consequently neither warrants the accuracy nor the veracity of any information, views, or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. All investments carry risks. Your investments may go up as they may go down, including the possible loss of capital. Past performance is not indicative of future results. Timberland Finance does not accept liability for losses suffered by persons as a result of information, views, or opinions appearing on this website. This website is owned and operated by Timberland Invest Ltd. Timberland Invest Ltd. is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act. ’