Issue link: https://maltatoday.uberflip.com/i/1268420
13 maltatoday | SUNDAY • 12 JULY 2020 COMMERCIAL Marnisi under the stars MALTA'S largest producer of premium wine, Marsovin, will once again be holding Marnisi Under The Stars - The Marso- vin Grape Harvest Feast at their Marnisi Estate in Marsaxlokk. The event will be held on a num- ber of nights in July and August, being the 24th & 25th of July and the 13th & 14th of August. The event is a celebration of the start of Marsovin's grape harvest for vintage 2020, whilst giving patrons the opportu- nity to enjoy the wines pro- duced from the Marnisi Estate and other Marsovin premium wines in the idyllic setting of the vineyard. For those who wish to have a closer look, guided vineyard tours will also be held between 19:00 & 20:00hrs by Marsovin's wine specialists. Tours start half an hour before the event official opening time. Marsovin will be following the guidelines in place recom- mended by the health author- ities for outdoor events, what more the attendance capping will be reduced significant- ly to ensure that there is am- ple space for people to move around. For this reason, those who wish to attend are advised to book early as ticket sales will be restricted. Cuisine & Music The winery is giving top prior- ity to #supportlocal. To this ef- fect, the selected caterer for the event, BRIJU, will be creating a delectable menu using only lo- cally sourced Maltese ingredi- ents. Marsovin has engaged a great line up of bands to keep their patrons entertained. Cut- ting edge blues band – Vinyl Paradise, performing on the 24th July; gypsy-jazz band – Hot Club of Valletta perform- ing on the 25th July & 14th Au- gust; and popular swing band – Swing Nuages performing on the 13th August. Ticket Sales A limited amount of tickets have been released and will be sold on a first come first serve basis. Tickets are being sold at €35 per person, which include: Entrance, Vineyard Tour be- tween 19:00 & 20:00hrs, a wine glass to use during the event and take home, Marsovin's premium wine throughout the evening. Wines served will also in- clude premium Antonin Noir & award winning Marnisi Or- ganic both of which are made from grapes grown on the very same Marnisi Estate. Tickets: www.marsovinwin- ery.com New issuance of the 62+ Malta Government Savings Bond – 2020 AS announced by the Minister for Finance and Financial Servic- es in the last Budget and follow- ing the strong demand for the 62+ Malta Government Savings Bond (MGSB) registered in the past three issuances held each year between 2017 and 2019, the Government is launching anoth- er issue of the market-leading 62+ Savings Bond. This year, for the first time, the bond offer will be offered to all individuals born in 1958. Individuals born before 1st January 1958 will also be eli- gible to apply irrespective of whether or not they had partic- ipated in previous issuances of the 62+ MGSB. Yet, as in all issues held in the past preference will be given to all eligible applicants who un- til now have not yet acquired a 62+ MGSB. The Bond offers a relatively good return over the life of the investment for a substantial number of older hardworking savers. It offers an attractive interest rate higher than that currently being offered by the market. The low interest rate environment continued to af- fect negatively the pensioners who are experiencing a sub- stantial decrease in their ad- ditional income that used to be derived from past savings. This was the main reason be- hind government's decision to re-issue the 62+ Malta Gov- ernment Savings Bond for the fourth consecutive year. This year's issuance is to be construed to be a separate is- sue from the previous ones held in the past three years. In this regard, individuals who were eligible to apply in pre- vious issuances irrespective of whether or not they invested in these bonds can apply for up to €10,000 in this year's issue. Individuals who already ac- quired a 62+ MGSB can apply for up to €10,000 on top of his/ her existing holdings of the 62+ MGSB. The interest rate shall be 3% per annum fixed for five (5) years which is significantly higher than any other rate of corresponding maturity with same risk profile currently of- fered by the market. Every el- igible individual may invest a minimum sum of €500 up to a maximum of €10,000. The investment shall be fixed for five years and shall not be ne- gotiable on the Malta Stock Exchange and cannot be trans- ferred to any other individual. In the case of inheritance, the principal together with with- held interest payments shall be paid to the heirs of the de- ceased bondholder through the transmission Causa Mortis procedure. The Bond is intended to be held to maturity, that is, until the year 2025. Yet if the need arises, an individual can encash the full amount invested in this bond before its maturity date, subject to a penalty equivalent to three months' interest. No penalty will be incurred for early redemption via transmis- sion Causa Mortis. Applications for the 62+ Mal- ta Government Bond – Issue 2020 will open at 8.30am on Wednesday and close the next day at 5pm, or earlier at the discretion of the Accountant General. Further information can be obtained from the Prospectus, which can be downloaded from the Treasury Department's website at www.treasury.gov. mt or by phone on 2596-7125.