Issue of Debt

LONDON--(BUSINESS WIRE)-- 

DMO-TAS031/2636/003
Eastcheap Court 11 Philpot Lane London EC3M 8UD	T 020 7862 6500 F 020 7862 6509 www.dmo.gov.uk

		2 December 2020
A317\20
	PRESS NOTICE
RESULT OF THE SALE BY AUCTION OF £1,000 MILLION OF 0⅛% INDEX-LINKED TREASURY GILT 2028 The United Kingdom Debt Management Office ("DMO") announces that the auction of £1,000 million of 0⅛% Index-linked Treasury Gilt 2028 (ISIN code: GB00BZ1NTB69) 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 46.0000% of the amount bid for. Competitive bids made at prices above the striking price have been allotted in full. Competitive bids made at prices below the striking price have been rejected.

		Real Clean Price			Inflation-adjusted Clean Price*		Real Yield
2.	Striking Price	£126.751			£133.590484		-2.950%
3.	The total amounts allotted and bids received were as follows:
	Amount allotted to bids
						£850.000		million
	Amount allotted to non-competitive bids
			Gilt-edged Market Makers			£150.000		million
				Others		£0.000		million
						£1,000.000		million
	Total bids received					£2,567.000		million
	Times Covered					2.57		times
4.	An additional amount of the Stock totalling up to £250.000 million will be made available to successful bidders for purchase at the non-competitive allotment price, in accordance with the terms of the Information Memorandum.
5.	Stock allotted to members of CREST will be credited to their accounts by member-to-member deliveries on the relevant settlement date.
*The Inflation-adjusted clean price has been calculated using an index ratio of 1.05396 and should not be rounded. It is displayed to 6dp for illustrative purposes only.

 

Category Code: IOD

Sequence Number: 723139

Time of Receipt (offset from UTC): 20201202T100428+0000