The shares were placed with institutions at 185p, following heavy oversubscription. |
The additional funds that resulted from the oversubscription will not be called for, it added. |
Last year, ICD acted as Joint Lead Manager for debut regional currency sukuk by the Republic of Senegal, which was closed with oversubscription. |
The oversubscription maintained a similar average in all parts of the country. |
If the maximum price set by the government is too high, then there will be oversubscription. |
In the matter of oversubscription the offer diverges vitally. |