Government stock issue oversubscribed
A strong and positive response was registered by the public and institutional investors to the latest government stock issues. By closing dates (Wednesday at 5 p.m. and noon today), the treasury had received 1,720 applications with a total value...
A strong and positive response was registered by the public and institutional investors to the latest government stock issues.
By closing dates (Wednesday at 5 p.m. and noon today), the treasury had received 1,720 applications with a total value exceeding €168 million against the authorised sum on issue of €80 million (subject to an over-allotment option for an additional €20 million).
Out of these applications/bids, the treasury accepted a nominal value of €100 million.
The Treasury is allotting the accepted amount as hereunder:
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|
Applications/Bids Received |
Allotments |
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|
Public/Financial Institutions |
Public |
Financial Institutions |
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|
|
Amount (€) |
Amount (€) |
Amount (€) |
|
|
MGS 4.6% 2020 (II) at the offered Price of €100 |
53,771,300 |
25,351,300 |
19,352,800 |
|
|
|
|
|
|
|
|
MGS 3.6% 2013 (IV) FI at the offered Price of €100.75 |
30,895,900 |
5,495,900 |
20,000,000 |
|
|
|
|
|
||
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Floating Rate MGS 2015 (V) linked to the six (6) month Euribor) at the offered Price of €100 |
83,350,000 |
N/A |
29,800,000 |
|
|
|
|
|
|
|
|
Total |
168,017,200 |
30,847,200 |
69,152,800 |
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It said that all subscriptions by the public, amounting to €30,847,200 would be accepted in full.