Issue of Debt

LONDON--()--

Eastcheap Court T  020 7862 6500

11 Philpot Lane F  020 7862 6509

London

EC3M 8UD

www.dmo.gov.uk

A018\18

22 February 2018

PRESS NOTICE

RESULT OF THE SALE BY AUCTION OF £950 MILLION OF 0 1/8% INDEX-LINKED TREASURY GILT 2036

The United Kingdom Debt Management Office ("DMO") announces that the  auction of £950 million of 0 1/8% Index-Linked Treasury Gilt 2036 (ISIN code: GB00BYZW3J87) has been allocated as follows:

(Note: all prices in this notice are quoted in pounds and pence)

1. All bids which have been accepted at the striking price have been allotted 32.3400% of the amount bid for.

Competitive bids made at prices above the striking price have been allotted in full.  Competitive bids made at prices below the striking price have been rejected.

2. Striking Price

Real Clean Price

£135.659

Inflation-adjusted Clean Price*

£144.834975

Real Yield

-1.513%

3. The total amounts allotted and bids received were as follows:

Amount allotted to bids £807.468 million

Amount allotted to non-competitive bids

Gilt-edged Market Makers £142.500 million

Others £0.032 million

£950.000 million

Total bids received £2,187.532 million

Times Covered 2.30 times

4. An additional amount of the Stock totalling up to £142.500 million will be made available to successful bidders for purchase at the non-competitive allotment price, in accordance with the terms of the Information Memorandum.

5. Cheques may be presented for payment. Refund cheques, where appropriate, will be sent as soon as possible by post. Stock allotted to members of CREST will be credited to their accounts by member-to-member deliveries on the relevant settlement date if they so requested.

* The Inflation-adjusted clean price has been calculated using an index ratio of 1.06764 and should not be rounded. It is displayed to 6dp for illustrative purposes only.

Short Name: UKDMO
Category Code: IOD
Sequence Number: 641857
Time of Receipt (offset from UTC): 20180222T133515+0000

Contacts

UK Debt Management Office

Contacts

UK Debt Management Office