Issue of Debt

LONDON--()--

AUCTION OF BRITISH GOVERNMENT STOCK

Auction Details
Auction Date   Tuesday, 5 February 2013
Issue and Settlement Date Wednesday, 6 February 2013
Bidding Convention Uniform Price (see Note 1)
Index adjusted accrued interest payable with bid £0.040966 per £100 nominal
Auction Close 10:30am London Time
Details of Security
Title   0⅛% Index-linked Treasury Gilt 2024
Amount (nominal) for auction £1,100 million (see Note 5)
Nominal outstanding after auction £3,879.3 million (£3933.6 million Index adjusted)
Maturity Date 22 March 2024
Interest Dates 22 March and 22 September
Parent ISIN Code GB00B85SFQ54
Parent SEDOL Code B-85S-FQ5
Reference Index applicable to first issue date 242.41935 (as at 12 October 2012) (see Note 4)
Index Ratio at 6 February 2013 1.01400
Interest Payable Gross (see Note 2)
Next Interest Date 22 March 2013 (Short First Coupon) (see Note 3)
“When Issued” Trading   under London Stock Exchange Rule 1530
Commences 3:30pm London Time: 29 January 2013
Closes Close of business: 5 February 2013
“When issued” ISIN Code GB00B8BJS635
“When issued” SEDOL Code B-8BJ-S63
TIDM (for trade reporting) AUC

Note 1: Bids may be made on either a competitive or a non-competitive basis. Details of the bidding procedures are set out in the prospectus and in the Information Memorandum. Index-linked Gilt-edged Market Makers may bid by means of the Bloomberg Bond Auction System to the DMO not later than 10.30 am on Tuesday, 5 February 2013.

Note 2: Holders may elect to have United Kingdom income tax deducted from interest payments, should they so wish, on application to the Registrar, Computershare Investor Services PLC.

Note 3: Actual amount of interest per £100 nominal is ((161/181)) x £0.0625 x Index Ratio for 22 March 2013 and expressed as a percentage in pounds sterling to six places of decimals and rounded to the nearest figure.

Note 4: The Reference Index for the first calendar day of any calendar month shall be the Retail Price Index figure for the calendar month falling three calendar months earlier. The Reference Index for any other day in the month shall be calculated by linear interpolation between the Reference Index applicable to the first calendar day of the month in which the day falls and the Reference Index applicable to the first calendar day of the month immediately following. Interpolated values for the Reference Index for any date should be rounded to the nearest 5th decimal place.

Note 5: Subject to the provisions of the Information Memorandum, this auction will be eligible for the Post Auction Option Facility of an additional amount of the Gilt equivalent to 10% of the nominal amount of the Gilt allocated at the auction. Details of the Post Auction Option Facility procedures are set out in the Information Memorandum.

Documentation
Prospectus

 

DMO : 29 January 2013

 

http://www.dmo.gov.uk/documentview.aspx?docName=/gilts/public/prospectus/prosp290113a.pdf

Information Memorandum relating to the Issue, Stripping and Reconstitution of British Government Stock

DMO : August 2011

http://www.dmo.gov.uk/documentview.aspx?docName=/publications/operationalrules/infmemadd150811.pdf

Formulae for Calculating Gilt Prices from Yields

 

DMO : 16 March 2005

www.dmo.gov.uk/documentview.aspx?docname=/giltsmarket/formulae/yldeqns.pdf

Applications from Members of the Approved Group of Investors

Application forms from Approved Group members must be sent to Computershare Investor Services PLC, who are acting on behalf of the DMO, at the following address: PO Box 2411, The Pavilions, Bristol, BS99 6WX to arrive not later than 10.00 am on Tuesday, 5 February 2013. They may also be lodged by hand at the DMO, Eastcheap Court, 11 Philpot Lane, London, EC3M 8UD not later than 10.00 on Tuesday, 5 February 2013.

The amount payable on application in the case of a non-competitive bid made by a member of the Approved Group is £115 per £100 nominal of the Gilt.

Remit 2012-13

Gilt sales of £164.2 billion (cash) are planned in 2012-13

Short Name: UKDMO
Category Code: IOD
Sequence Number: 362237
Time of Receipt (offset from UTC): 20130205T114006+0000

Contacts

UK Debt Management Office

Sharing

Contacts

UK Debt Management Office