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

By closing dates (5pm Wednesday 24th June 2009 and noon Friday 26th June 2009), the Treasury had received 1,129 applications having a total value exceeding Euro 129 million against the authorised sum on issue of Euro 100 million (subject to an over-allotment option for an additional amount of Euro 20 million).

Out of these applications/bids, Treasury has accepted a total nominal value of Euro 108,367,600 to be allotted amongst the two stocks on issue as follows:

MGS 5.20% 2020(I) FI issued at 103.50 – Euro 25,550,400 and

MGS 3.6% 2013 (IV) FI issued at 99.50 – Euro 82,817,200.

The Treasury announces that all subscriptions by members of the public, amounting to Euro 19,867,600 will be accepted in full while the offers by the institutional investors will be allotted in the order of the bid price offered.