There was a positive response both by members of the public and institutional investors to the latest Government Stock issues, the Department of Information said yesterday.

By the closing date (noon, 30 May), the Treasury had received 2,089 applications having a total value exceeding Euro 109 million against the authorised sum on issue of Euro 100 million (subject to an over-allotment option for an additional amount of Euro 50 million).

Allotment of the two stocks on issue will be as follows:

MGS 5.00% 2021(I) issued at 98.99 – Euro 45,656,800 and

MGS 5.10% 2014 (III) issued at 101.25 – Euro 61,195,100.

The Treasury said that all subscriptions by members of the public, amounting to Euro 26,851,900 will be accepted in full while the offers by the institutional investors will be allotted in the order of the bid price offered.