Issue of Debt


Eastcheap Court

11 Philpot Lane



Tel 020 7862 6500

Fax 020 7862 6509



20 June 2017




Auction Details
Auction Date   Tuesday, 27 June 2017
Issue and Settlement Date Wednesday, 28 June 2017
Bidding Convention Uniform Price (see Note 1)
Index adjusted accrued interest payable with bid £0.034864 per £100 nominal
Auction Close 10:30am London Time
Details of Security
Title   0⅛% Index-linked Treasury Gilt 2026
Amount (nominal) for auction £1,000 million (fungible with previous issues) (see Note 5)
Nominal outstanding after auction £10,454.8 million (£10,949.8 million Index adjusted)
Maturity Date 22 March 2026
Interest Dates 22 March and 22 September
ISIN Code GB00BYY5F144
SEDOL Code B-YY5-F14
Reference Index applicable to first issue date 258.24194 (as at 16 July 2015) (see Note 4)
Index Ratio at 28 June 2017 1.04735
Interest Payable Gross (see Note 2)
Next Interest Date 22 September 2017 (Standard Coupon) (see Note 3)

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, 27 June 2017.

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 £0.0625 x Index Ratio for 22 September 2017 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 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.



DMO : 20 June 2017

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


DMO : January 2017

Formulae for Calculating Gilt Prices from Yields


DMO : 16 March 2005

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 Tuesday, 27 June 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 Tuesday, 27 June 2017. The amount payable on application in the case of a non-competitive bid made by a member of the Approved Group is £129 per £100 nominal of the Gilt.

Remit 2017-18

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

Short Name: UKDMO
Category Code: IOD
Sequence Number: 585845
Time of Receipt (offset from UTC): 20170620T160559+0100


UK Debt Management Office


UK Debt Management Office