A strong and positive response by the public and institutional investors was shown to the latest Government Stock issues, the DOI said.

It sadi that by the closing dates, last Wednesday at 5 p.m. and noon today, the Treasury had received 3,567 applications having a total value exceeding 242 million euros against the authorised sum on issue of 70 million euros, subject to an over-allotment option for an additional 25 million euros.

The Treasury accepted a total nominal value of 95 million euros to be allotted amongst the two stocks on issue as follows:

MGS five percent 2021(I) issued at 101.50 – Euro 35,992,300 and

MGS 3.6 per cent 2013 (IV) issued at 100 – Euro 59,007,700.

It said that all subscriptions by the public, amounting to Euro 55,347,400 would be accepted in full while the offers by the institutional investors would be allotted in the order of the bid price offered.

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