There was a strong and positive response both by members of the public and institutional investors to the latest Government Stock issues.

By closing dates (5pm Wednesday 11th March 2009 and noon Friday 13th March 2009), the Treasury had received 3,567 applications having a total value exceeding Euro 242 million against the authorised sum on issue of Euro 70 million (subject to an over-allotment option for an additional amount of Euro 25 million).

Out of these applications/bids, Treasury has accepted a total nominal value of Euro 95,000,000 to be allotted amongst the two stocks on issue as follows:

MGS 5.00% 2021(I) issued at 101.50 – Euro 35,992,300 and

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

The Treasury announces that all subscriptions by members of the public, amounting to Euro 55,347,400 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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