There was a 'strong and positive' response by members of the public and institutional investors to the latest Government Stock issues, the Treasury said today.

By the closing dates (5pm August 6 and noon of August 8), the Treasury had received 1,245 applications having a total value exceeding €168 million against the authorised sum on issue of €100 million (subject to an over-allotment option for an additional amount of €50 million).

The Treasury accepted a total nominal value of €127,345,900 to be allotted amongst the two stocks on issue as follows:

· MGS 5.00% 2021(I) issued at 97.2 – €21,683,000 and

· MGS 5.10% 2014 (III) issued at 99.45 – €105,662,900.

All subscriptions by members of the public, amounting to €14,545,900 will be accepted in full while the offers by the institutional investors will be allotted in the order of the bid price offered

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