Upcoming Malta Government Stock Issue – July 2026

On Friday, 17 July 2026, the Treasury Department will announce the issuance of €300 million in Malta Government Stock, which may be issued in full under either of the following stocks or divided between them in any combination:

• Malta Government Stock 2036
• Malta Government Stock 2046

In the event of oversubscription, the total amount raised may be increased by up to €200 million. The coupon rates for each stock will be announced closer to the issue date.

Applications from the public will open at 08:30 on Monday, 27 July 2026, and close at 14:30 on Wednesday, 29 July 2026. Applications from wholesale investors will open at 08:30 on Friday, 31 July 2026, and close at 12:00 on the same day, or earlier at the discretion of the Accountant General.

The issue price for each stock available to retail investors will be announced in a press release by the Department of Information on Thursday, 23 July 2026.

TSMC Q2 Profit Surges 77% as AI Demand Drives Record Growth

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 77.4% year-over-year increase in second-quarter net profit on Thursday, significantly surpassing market expectations. The strong performance underscores the world’s largest contract chipmaker’s continued momentum, with the company delivering record earnings for the fifth consecutive quarter.

Looking ahead, TSMC expects third-quarter revenue to range between $44.6 billion and $45.8 billion, while forecasting an operating profit margin of 56% to 58%. Chairman C.C. Wei attributed the optimistic outlook to sustained strength in artificial intelligence-related demand, describing it as “extremely robust.”

To support growing customer requirements, TSMC plans to invest an additional $100 billion in Arizona, increasing its total commitment in the state to $265 billion. Wei said the expansion will include the construction of multiple semiconductor fabrication plants capable of mass-producing 2-nanometer chips, along with advanced packaging facilities to meet the strong, long-term demand from its major U.S. customers.

Chief Financial Officer Wendell Huang also announced that the company has raised its capital expenditure budget for the year to between $60 billion and $64 billion, reflecting continued investment to support customers’ expanding needs.

For the three months ended June, TSMC posted its highest-ever quarterly net income, marking a fifth straight record-breaking quarter. Profit also rose 23.4% compared with the previous quarter.

Malta Company Announcements:

HSBC Bank Malta plc

HSBC Bank Malta plc announced that its Board of Directors will meet on 4 August 2026 to consider the approval of the interim financial statements for the six-month period ended 30 June 2026. The Board will also consider the declaration of an interim dividend.

Bank of Valletta plc

Bank of Valletta p.l.c. announced that its Board of Directors will meet on 29 July 2026 to:

• Approve the Group’s and Bank’s interim financial statements for the six months ended 30 June 2026.
• Consider whether to declare an interim dividend for shareholders. A dividend decision is subject to Board approval.

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