Issue of Debt

LONDON--()-- 

DMO-TAS041/2343/003

 
Eastcheap Court
11 Philpot Lane
London
EC3M 8UD
T 020 7862 6500
F 020 7862 6509

www.dmo.gov.uk
 

A026\20

27 February 2020

 

PRESS NOTICE

 

RESULT OF THE SALE BY TENDER OF UP TO £400 MILLION OF 1¾% TREASURY GILT 2057

The United Kingdom Debt Management Office ("DMO") announces that the tender of up to £400 million of 1¾% Treasury Gilt 2057 (ISIN Code: GB00BD0XH204) 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 0.3333% of the amount bid for.

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

 
 
 
 
 

Price

Yield

 

2.

Striking Price

£128.480

0.858%

 
 

3.

The total amounts allotted and bids received were as follows:

Amount allotted to competitive bids

£399.999 million

Residual held by DMO

£0.001 million

Total

£400.000 million

Total bids received

£1,550.000 million

Times covered

3.88 times

 

4.

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.

 
 
 

5.

The new amount in issue for this Gilt from 28 February 2020 will be £18,830.337 million nominal.

 

 

Short Name: UKDMO
Category Code: IOD
Sequence Number: 693016
Time of Receipt (offset from UTC): 20200227T105942+0000

Contacts

UK Debt Management Office

Contacts

UK Debt Management Office