Issue of Debt

LONDON--()-- 

DMO Press Notice: 9 April 2020
CREATION ON 21 APRIL 2020 OF GILT COLLATERAL FOR EXCHEQUER CASH MANAGEMENT OPERATIONS 
On Tuesday 21 April 2020, as previously announced and in accordance with paragraph D.10 of the UK Debt Management Office's (DMO's) Exchequer cash management remit, an additional £15,000 million (cash) of collateral will be created and issued to the DMO for use in the DMO's Exchequer cash management operations. The collateral to be created will comprise £10,847 million (nominal) of conventional gilts (excluding gilts maturing within one year). The increase in size of individual gilts ranges from £40 million nominal to £382 million (nominal). The amounts have been chosen to have a negligible effect on relevent indices. The additional collateral will be held on the Debt Management Account (DMA) by the DMO and will not be available for outright sale. Specific gilts will not be available to the repo market for a period of three months, during which time these new issues may be used in Delivery-by-Value (DBV) transactions.  A table showing the nominal amounts of each gilt to be created, with the revised nominal amounts of gilts in issue (rounded to the nearest £1 million) is published below.
Additional gilt collateral (nominal amounts) to be issued on 21 April 2020
Conventional gilts Collateral (£mn) New amounts in issue (£mn)
8% Treasury 2021

240

24,594

3¾% Treasury 2021

283

29,001

4% Treasury 2022

379

38,772

0½% Treasury 2022

286

29,260

1¾% Treasury 2022

290

29,682

0⅛% Treasury 2023 

40

4,103

0¾% Treasury 2023

292

29,861

2¼% Treasury 2023

274

28,073

1% Treasury 2024

267

27,284

2¾% Treasury 2024

269

27,500

5%Treasury 2025

350

35,837

0⅝% Treasury 2025

259

26,532

2% Treasury 2025

335

34,266

1½% Treasury 2026

330

33,781

1¼% Treasury 2027

234

23,962

4¼% Treasury 2027

309

31,676

1⅝% Treasury 2028

296

30,323

6% Treasury 2028

190

19,441

0⅞% Treasury 2029

302

30,877

4¾% Treasury 2030

382

39,096

4¼% Treasury 2032

354

36,209

4½% Treasury 2034

317

32,474

4¼% Treasury 2036

297

30,408

1¾% Treasury 2037

275

28,182

4¾% Treasury 2038

252

25,748

4¼% Treasury 2039

227

23,260

4¼% Treasury 2040

248

25,385

1¼% Treasury 2041

48

4,894

4½% Treasury 2042

266

27,213

3¼% Treasury 2044

273

27,938

3½% Treasury 2045

276

28,223

4¼% Treasury 2046

236

24,115

1½% Treasury 2047

241

24,687

1¾% Treasury 2049

193

19,749

4¼% Treasury 2049

197

20,201

3¾% Treasury 2052

235

24,104

1⅝% Treasury 2054

86

8,836

4¼% Treasury 2055

259

26,559

1¾% Treasury 2057

201

20,594

4% Treasury 2060

236

24,122

2½% Treasury 2065

193

19,747

3½% Treasury 2068

194

19,908

1⅝% Treasury 2071

136

13,956

Totals  

10,847

1,110,433

Figures may not sum due to rounding    

 

Short Name: UKDMO
Category Code: IOD
Sequence Number: 696803
Time of Receipt (offset from UTC): 20200409T154842+0100

Contacts

UK Debt Management Office

Contacts

UK Debt Management Office