The demand was pretty strong, as such the issuer exercised their green-shoe option and enlarged the offering from 200mil to 500mil (2.5 times). As a result, the allocation % was way higher than the previous CMT 3.08% bonds and what I was expecting.
Those who applied 2 to 25 lots were 100% allocated.
The most popular bet sizes were
10 lots applied - 8.58% of demand- 10 lots allocated(100%)
20 lots applied- 12.79% of demand - 20 lots allocated(100%)
50 lots applied- 15.24 % of demand- 37 lots allocated(74%)
100lots applied- 14.26% of demand - 70 lots allocated(79%)
Like I previously mentioned that 10-20 lots would be the most optimal bet size, in which this time round both sizes were fully allocated. But what really caught be my surprise is the bigger orders of 50 and 100 lots formed close to 30% of ......