Issue of Debt

LONDON--()--

Eastcheap Court

11 Philpot Lane

London

EC3M 8UD

 

Tel 020 7862 6500

Fax 020 7862 6509

 

www.dmo.gov.uk

 

 

25 April 2017

PRESS NOTICE

AUCTION OF BRITISH GOVERNMENT STOCK

Auction Details
Auction Date   Thursday, 4 May 2017
Issue and Settlement Date Friday, 5 May 2017
Bidding Convention Fully paid Bid Price (see Note 1)
Accrued Interest payable with bid £0.280571 per £100 nominal
Auction Close 10:30am London Time
Details of Security
Title   1¾% Treasury Gilt 2037
Amount (nominal) for auction £2,000 million (fungible with previous issues) (see Note 4)
Nominal outstanding after auction £7,041.0 million
Maturity Date 7 September 2037 at par
Interest Dates 7 March – 7 September
ISIN Code GB00BZB26Y51
SEDOL Code B-ZB2-6Y5
Strippable From 5 May 2017 (see Note 2)
Interest Payable Gross (see Note 3)
Next Interest Date 7 September 2017 (Standard Coupon)

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. Gilt-edged Market Makers may bid by means of the Bloomberg Bond Auction System to the DMO not later than 10.30 am on Thursday, 4 May 2017.

Note 2: Following the issue of this further amount of the Gilt, 1¾% Treasury Gilt 2037 may be stripped and holdings of the Gilt reconstituted: the provisions relating to strips contained in the Information Memorandum will therefore apply. The SEDOL and ISIN codes for the new principal strip are B-Z4T-GS7 and GB00BZ4TGS74 respectively.

Note 3: 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 4: 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 15% 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

http://www.dmo.gov.uk/documentview.aspx?docName=/gilts/public/prospectus/prosp250417.pdf

DMO : 25 April 2017  
Information Memorandum relating
to the Issue, Stripping and
Reconstitution of British

http://www.dmo.gov.uk/documentview.aspx?docName=/publications/operationalrules/infmemadd200117.pdf

Government Stock
DMO : January 2017  
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 is acting on behalf of the DMO, at the following address: British Government Stocks (Gilts), Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS99 6ZW to arrive not later than 10.00 am on Thursday, 4 May 2017. They may also be lodged by hand at the DMO, Eastcheap Court, 11 Philpot Lane, London, EC3M 8UD not later than 10.00 am on Thursday, 4 May 2017.

The amount payable on application in the case of a non-competitive bid made by a member of the Approved Group is £107 per £100 nominal of the Gilt.

Remit 2017-18

Gilt sales of £114.2 billion (cash) are now planned in 2017-18

Short Name: UKDMO
Category Code: IOD
Sequence Number: 582294
Time of Receipt (offset from UTC): 20170425T153829+0100

Contacts

UK Debt Management Office

Contacts

UK Debt Management Office