On 12 January it was announced that total demand during the preplacement of MIDI’s bond issue exceeded €30 million compared to the maximum allotment of €12 million. This issue was over-subscribed by 2.54 times and those applicants under the pre-placement were allotted 39.43% of their subscription.
MIDI’s €30 million 7% bond issue is subject on over-allotment option of a further €10 million. Therefore the balance of €28 million is available under the General Public Offering which opens on Tuesday 13 January. Applications during the General Public offer are for a minimum of €2,500 (nominal) for EUR applications and a minimum of GBP2,000 (nominal) for the Sterling issue.