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Issue of Debt

LONDON--(BUSINESS WIRE)--

DMO PRESS RELEASE 10 JULY 2014

CREATION ON 15 JULY 2014 OF COLLATERAL FOR CASH MANAGEMENT OPERATIONS
On Tuesday 15 July 2014, as previously announced and in accordance with paragraph D.10 of the 2014-15 DMO Exchequer cash management remit, an additional £15,000 million (cash) of collateral will be created and issued to the DMO for use in the DMO’s Exchequer cash management operations. The collateral to be created will comprise £13,414 million (nominal) of conventional gilts (excluding gilts maturing within one year, double-dated, undated and rump gilts).
             
The increase in size of individual gilts ranges from £67 million (nominal) to £509 million (nominal). The amounts have been chosen to have a negligible effect on relevant indices.
 
The additional collateral will be held on the Debt Management Account by the DMO and will not be available for outright sale. Specific gilts will not be available to the repo market for a period of three months, during which time these new issues may be used in Delivery-by-Value (DBV) transactions.
 
A table showing the nominal amounts of each gilt to be created, with the revised nominal amounts of gilts in issue (rounded to the nearest £1 million) is published below.
                     
Additional gilt collateral to be issued on 15 July 2014
Collateral (£mn) New amount in issue (£mn)
Conventional gilts
 
4 3/4 Treasury 2015 509 38,388
8 Treasury 2015 139 10,496
2 Treasury 2016 431 32,468
4 Treasury 2016 466 35,114
1 3/4 Treasury 2017 383 28,897
8 3/4 Treasury 2017 146 11,025
1 Treasury 2017 420 31,689
5 Treasury 2018 463 34,861
1 1/4 Treasury 2018 457 34,471
4 1/2 Treasury 2019 477 35,962
1 3/4 Treasury 2019 401 30,212
3 3/4 Treasury 2019 377 28,434
4 3/4 Treasury 2020 437 32,954
3 3/4 Treasury 2020 323 24,320
8 Treasury 2021 316 23,815
3 3/4 Treasury 2021 373 28,082
4 Treasury 2022 498 37,543
1 3/4 Treasury 2022 381 28,741
2 1/4 Treasury 2023 361 27,184
2 3/4 Treasury 2024 135 10,168
5 Treasury 2025 460 34,702
4 1/4 Treasury 2027 394 29,673
6 Treasury 2028 250 18,825
4 3/4 Treasury 2030 386 29,102
4 1/4 Treasury 2032 465 35,062
4 1/2 Treasury 2034 372 28,055
4 1/4 Treasury 2036 349 26,301
4 3/4 Treasury 2038 331 24,932
4 1/4 Treasury 2039 259 19,539
4 1/4 Treasury 2040 326 24,581
4 1/2 Treasury 2042 350 26,351
3 1/4 Treasury 2044 359 27,052
3 1/2 Treasury 2045 67 5,067
4 1/4 Treasury 2046 281 21,154
4 1/4 Treasury 2049 260 19,561
3 3/4 Treasury 2052 291 21,965
4 1/4 Treasury 2055 315 23,731
4 Treasury 2060 278 20,967
3 1/2 Treasury 2068 128           9,628
        13,414           1,011,073

Short Name: UKDMO
Category Code: IOD
Sequence Number: 424098
Time of Receipt (offset from UTC): 20140710T153427+0100

Contacts

UK Debt Management Office