The government said yesterday that both small and institutional investors reacted positively to the government stock issue for which applications were received by the Treasury between March 21 and 24.

The Treasury received 1,997 applications with a value exceeding Lm 62 million.

The Treasury will be increasing the amount on issue and adopting the over allotment option mentioned in the relative prospectus as follows:

Stock: 4.8% MGS 2016 (II) Fi - amount issued: Lm15 million; additional amount: Lm10 million; amount allotted: Lm25 million.

The small investors' share in the new stock amounts to over Lm16 million.

The Treasury said all subscriptions by the small investors will be entirely accepted and the residue will be allotted to the institutional investors in the order of the bid price offered.

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