'Strong demand' for Government stocks

The Treasury Department announced today that there had been a "strong demand" for the three government stocks issued this month.

6 August 2010, 12:00am
by Charlot Zahra

1 min read

For the fixed rate stocks, 3,475 applications or bids having a total nominal value exceeding €217.5 million were received as against the authorised sum on issue of €100 million, subject to an over-allotment option for an additional amount of € 50 million.

For the MGS 3.75% 2015 (VI) offered for members of the public at the Price of €102.50, out of €84.615,000 value in applications from the public and financial institutions, €7,115,000 will be allotted to the public while €33 million will be allocated to financial institutions.

For the MGS 5.25% 2030 (I) offered for members of the public at the rice of €100 (par), out of 133,134,600 value in application from the public and financial institutions, €84,879,000 will be allocated to the public, while €24,250,000 will be allocated to financial institutions.

The Treasury has announced that all subscriptions by members of the public for the fixed rate stock amounting to €91,994,800 would be accepted in full.

For the floating rate stock, linked to 6 month Euribor, the treasury received by auction ten bids having a total value of €50m as against €30 million allocated. In fact, the Treasury Department only accepted €30 m in bids.