There was a positive response both by members of the public and institutional investors to the latest Government Stock issues.
By closing dates (Wednesday 22nd October 2008 5pm and Friday 24th October 2008 noon), the Treasury had received 1,792 applications having a total value exceeding Euro 61 million against the authorised sum on issue of Euro 50 million (subject to an over-allotment option for an additional amount of Euro 15 million).
Allotment of the two stocks on issue will be as follows:
MGS 5.00% 2021(I) issued at 99.50 – Euro 23,307,400 and MGS 5.10% 2014 (III) issued at 101.50 – Euro 29,863,400.
The Treasury announces that all subscriptions by members of the public, amounting to Euro 26,260,800 will be accepted in full while the offers by the institutional investors will be allotted in the order of the bid price offered.