Issue of Debt

LONDON--()-- 

 
DMO-TAS041/2360/006

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

www.dmo.gov.uk
 
 
 
 
 
 
A043\20 1 April 2020
 
PRESS NOTICE
 
RESULT OF THE SALE BY TENDER OF UP TO £3000 MILLION OF 1⅝% TREASURY GILT 2028

The United Kingdom Debt Management Office ("DMO") announces that the tender of up to £3,000 million of 1⅝% Treasury Gilt 2028 (ISIN Code: GB00BFX0ZL78) 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 lowest accepted price have been allotted 7.7073% of the amount bid for.

 
 
 
 
Competitive bids made at prices above the lowest accepted price have been allotted in full. Competitive bids made at prices below the lowest accepted price have been rejected.
 
 
 
Price Yield
2. The range of bids accepted was as follows:
 
Highest Accepted

£112.117

0.196%

 
 
Average Accepted Price

£112.044

0.204%

 
Lowest Accepted

£111.970

0.212%

 
Tail in basis points 0.8*
 
 
3. The total amounts allotted and bids received were as follows:
Amount allotted to competitive bids £2,999.999 million
Residual held by DMO £0.001 million
Total £3,000.000 million
Total bids received £10,345.000 million
Times covered 3.45 times
 
4. The new amount in issue for this Gilt from 02 April 2020 will be £30,027.274 million nominal.
 
 
 
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.
 
 
 
*Tail is calculated as the yield at the lowest accepted price less the yield at the average accepted price
(using unrounded yields). This figure is then multiplied by 100 to convert it into basis points.
 
 

 

Short Name: UKDMO
Category Code: IOD
Sequence Number: 696359
Time of Receipt (offset from UTC): 20200401T112908+0100

Contacts

UK Debt Management Office

Contacts

UK Debt Management Office