Bond issue allotment

The Treasury said yesterday that all subscriptions by small investors to this month's Lm55 million government bond issue would be accepted in their entirety while the rest of the issue would be allotted to financial institutions in the order of the bid...

The Treasury said yesterday that all subscriptions by small investors to this month's Lm55 million government bond issue would be accepted in their entirety while the rest of the issue would be allotted to financial institutions in the order of the bid price offered.

The Treasury said both small and institutional investors had reacted strongly to the issue, with a total of 4,054 applications for a total value exceeding Lm156 million having been received.

Applications from small investors amounted to Lm20 million. "This is evidence of the extent of the money flows which is in part attributed to the investment registration scheme in operation last year and in part to the faster growth in per capita earnings," the Treasury said.

Sign up to our free newsletters

Get the best updates straight to your inbox:

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.