Members of the public and institutional investors had reacted positively to the Government Stock issues, the Department of Information said yesterday.

By the closing date of 22 June, the Treasury had received 2,559 applications for the three stocks, having a total value exceeding Lm50 million against the authorised sum on issue of Lm40 million.

By exercising the “over allotment option” mentioned in the respective prospecti, the Treasury will be increasing the amount on issue from Lm40 million to Lm47,851,200.

The Treasury has therefore announced that all subscriptions by members of the public, amounting to Lm12,405,900, will be accepted in full, while the offers by institutional investors will be allotted according to the bid price offered.