Issue of Debt

LONDON--()-- 

DMO-TAS031/2285/003

 

Eastcheap Court
11 Philpot Lane
London
EC3M 8UD

T 020 7862 6500
F 020 7862 6509

www.dmo.gov.uk

 
 
 
 

8 October 2019

A100\19

 

PRESS NOTICE

 

RESULT OF THE SALE BY AUCTION OF £800 MILLION OF 0 ⅛% INDEX-LINKED TREASURY GILT 2036

The United Kingdom Debt Management Office ("DMO") announces that the auction of £800 million of 0 ⅛% 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 2.8371% 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.

 
 
 

Real Clean Price

Inflation-adjusted Clean Price*

Real Yield

 

2.

Striking Price

£158.300

£176.593148

-2.566%

 

3.

The total amounts allotted and bids received were as follows:

 

Amount allotted to bids

£679.992

million

Amount allotted to non-competitive bids

Gilt-edged Market Makers

£120.000

million

 

Others

£0.008

million

£800.000

million

 
 

Total bids received

£1,623.007

million

 

Times Covered

2.03

times

 
 

4.

An additional amount of the Stock totalling up to £120.000 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 1.11556 and should not be rounded. It is displayed to 6dp for illustrative purposes only.

 

 

Short Name: UKDMO
Category Code: IOD
Sequence Number: 677753
Time of Receipt (offset from UTC): 20191008T111243+0100

Contacts

UK Debt Management Office

Contacts

UK Debt Management Office