Government stock allotment

The public's investment in government stock will be accepted in full while offers by institutional investors will be allotted in the order of the bid price offered, the Treasury announced yesterday. Over €61 million were subscribed by the closing date...

The public's investment in government stock will be accepted in full while offers by institutional investors will be allotted in the order of the bid price offered, the Treasury announced yesterday.

Over €61 million were subscribed by the closing date yesterday, exceeding the €50 million mark. Of this, some €26 million were subscribed by members of the public. Allotment of the two stocks on issue will be as follows: MGS 5% 2021(I) issued at 99.50 - Euro 23,307,400 and MGS 5.10% 2014 (III) issued at 101.50 - €29,863,400.

The sale of government stocks was part of the finance plan stipulated earlier this year and opened last Monday. It closed two days later for single and/or joint applications not exceeding €100,000 per person, and yesterday for applications in the form of sealed bids (auction).

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