Three separate issues of government stock for the value of €140 million were oversubscribed by almost double the amount.

The Treasury said yesterday that all applications by the public, amounting to almost €121 million, would be accepted. The rest will be allotted to financial institutions.

There were 5,256 applications with the value exceeding €252 million, confirming the popularity of government bonds as a medium to long-term investment.

The three bond issues were: at 4.8 per cent until 2028, 4.3 per cent until 2022 and 3.75 per cent until 2017.

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