Bond issues: over-allotment option dropped

The Treasury received 1,408 applications having a total value exceeding €101 million for two issues of government bonds totalling €100 million, the government said today.

The Treasury accepted a total nominal value of €89,793,300.

The issue had an over-allotment option for an additional €20 million.

The Treasury said that all subscriptions by the public, amounting to €22,943,300 in the two stocks would be accepted in full, while the offers by the institutional investors would be allotted in the order of the bid price offered. The total allocations for this issuance of Government Stocks will be made as follows:

MGS 5% 2021 (I) FI - €33,150,400 of which €11,450,400 were allotted to the retail sector at the issued price of €101.75 and €21,700,000 were allotted to Institutional Investors in the order of bid price offered; and,

MGS 3.6% 2013 (IV) FI - €56,642,900 of which €11,492,900 were allotted to the retail sector at the issued price of €100.25 and €45,150,000 were allotted to Institutional Investors in the order of bid price offered.