For what is believed to be the first time ever, the government has not sold all of its €100 million worth of stocks, which are used to cover government debt. An over allotment option for an additional €20 million was dropped.

By closing dates (noon Saturday, 8th August 2009 and noon Tuesday, 11th August 2009), the Treasury had received 1,408 applications having a total value exceeding Euro 101 million against the authorised sum on issue of Euro 100 million (subject to an over-allotment option for an additional amount of Euro 20 million). Out of these applications/bids, Treasury has accepted a total nominal value of Euro 89,793,300.

The Treasury announced that all subscriptions by members of the public, amounting to Euro 22,943,300 in the two stocks will be accepted in full, while the offers by the institutional investors will 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 – Euro 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 – Euro 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.

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