Issue of Debt

LONDON--()-- 

 

 

 

Eastcheap Court

11 Philpot Lane

London

EC3M 8UD

Tel 020 7862 6500

 

 

www.dmo.gov.uk

 

 

4 June 2020

 

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

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

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
(Long First Coupon)

“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

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.

https://www.dmo.gov.uk/media/16615/prosp040620b.pdf

Information Memorandum relating to the Issue, Stripping and Reconstitution of British Government Stock

 

DMO : 31 March 2020

https://www.dmo.gov.uk/media/16368/infmemadd310320.pdf

Formulae for Calculating Gilt Prices from Yields

 

DMO : 16 March 2005

http://www.dmo.gov.uk/media/1955/yldeqns.pdf

Applications from Members of the Approved Group of Investors

For this auction applications may not be made by members of the Approved Group.

Short Name: UKDMO
Category Code: IOD
Sequence Number: 701059
Time of Receipt (offset from UTC): 20200605T105152+0100

Contacts

UK Debt Management Office

Contacts

UK Debt Management Office