LONDON--(BUSINESS WIRE)--
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Eastcheap Court 11 Philpot Lane London EC3M 8UD |
Tel 020 7862 6500
4 June 2020 |
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UPDATED PRESS NOTICE
SUPERSEDING THE EARLIER PRESS NOTICE DATED 4 JUNE 2020
IN RELATION TO 0⅛% TREASURY GILT 2028
AND AMENDMENT OF PROSPECTUS
AUCTION OF BRITISH GOVERNMENT STOCK
This Press Notice has been updated to reflect a corrected Long First Coupon amount per £100 nominal payable on the Next Interest Payment Date.
Auction Details |
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Auction Date |
Thursday, 11 June 2020 |
Issue and Settlement Date |
Friday, 12 June 2020 |
Bidding Convention |
Fully paid Bid Price (see Note 1) |
Accrued Interest payable with bid |
Nil |
Auction Open |
10:30am London Time |
Auction Close |
11:30am London Time |
Post Auction Option Facility Open |
2:00pm London Time |
Post Auction Option Facility Close |
2:30pm London Time |
Details of Security |
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Title |
0⅛% Treasury Gilt 2028 |
Amount (nominal) for auction |
£3,250 million (see Note 3) |
Nominal outstanding after auction |
£3,250 million |
Maturity Date |
31 January 2028 at par |
Interest Payment Dates |
31 January and 31 July |
ISIN Code |
GB00BMBL1G81 |
SEDOL Code |
B-MBL-1G8 |
Strippable |
No (see Note 4) |
Interest Payable |
Gross (see Note 2) |
Next Interest Payment Date |
31 January 2021 - £0.079327 per £100 nominal
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“When Issued” Trading |
under London Stock Exchange Rule 1530 |
Commences |
3:30pm London Time: 4 June 2020 |
Closes |
Close of business: 11 June 2020 |
“When issued” ISIN Code |
GB00BMBL1G81 |
“When issued” SEDOL Code |
B-MBL-1G8 |
TIDM (for trade reporting) |
AUC |
Note 1: Bids may be made on either a competitive or a non‑competitive basis. Details of the bidding procedures are set out in the prospectus and in the Information Memorandum. Gilt‑edged Market Makers may bid by means of the Bloomberg Bond Auction System to the DMO not earlier than 10.30 am on Thursday, 11 June 2020 and not later than 11.30 am on Thursday, 11 June 2020.
Note 2: Holders may elect to have United Kingdom income tax deducted from interest payments, should they so wish, on application to the Registrar, Computershare Investor Services PLC.
Note 3: Subject to the provisions of the Information Memorandum, this auction will be eligible for the Post Auction Option Facility of an additional amount of the Gilt equivalent to 25% of the nominal amount of the Gilt allocated at the auction. Details of the Post Auction Option Facility procedures are set out in the Information Memorandum as supplemented by the prospectus.
Note 4: The Gilt may not be stripped and reconstituted until so specified in a notice issued by the DMO.
Documentation |
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Prospectus for auction of £3,250 million of 0⅛% Treasury Gilt 2028
DMO : 4 June 2020 |
The Prospectus at the link below, relating to the auction of £3,250,000,000 nominal 0⅛% Treasury Gilt 2028 on 11 June 2020, replaces the version first published on 4 June 2020. |
Information Memorandum relating to the Issue, Stripping and Reconstitution of British Government Stock
DMO : 31 March 2020 |
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Formulae for Calculating Gilt Prices from Yields
DMO : 16 March 2005 |
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Applications from Members of the Approved Group of Investors
For this auction applications may not be made by members of the Approved Group.