Good response to stock issue

Small and institutional investors have reacted positively to the Government Stock issue for which applications were received by the Treasury between November 10 - 15. A total of 2,590 applications were received for a total value of almost Lm76 million,...

Small and institutional investors have reacted positively to the Government Stock issue for which applications were received by the Treasury between November 10 - 15.

A total of 2,590 applications were received for a total value of almost Lm76 million, when the amount of stock on issue was Lm29.5 million.

Applications from small investors alone in respect of the 5.1 per cent 2022 (fungible) stock amounted to nearly Lm13 million for a total amount on issue of Lm10.5 million.

The Treasury said that subscriptions by the small investors would be allotted proportionately.

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