Investors have reacted very positively to the July Government Stock issue for which 1,589 applications, with a total value exceeding Lm43 million, were received by the Treasury, the Department of Information said yesterday.

The Treasury will be increasing the amount on issue and adopting the 'over allotment option' mentioned in the relative prospectus as follows: 5.1% MGS 2014 (III) - Fungibility Issue, amount issued: Lm10m, additional amount Lm9.25m, amount allotted Lm19.25m.

The small investors' share in the new stock amounted to over Lm9 million. The Treasury said that all subscriptions by the small investors will be entirely accepted while the residue will be allocated to the institutional investors in the order of the bid price offered.