LONDON--(BUSINESS WIRE)--
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Eastcheap Court 11 Philpot Lane London EC3M 8UD |
Tel 020 7862 6500
23 February 2021 |
PRESS NOTICE |
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AUCTION OF BRITISH GOVERNMENT STOCK
Auction Details |
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Auction Date |
Tuesday, 2 March 2021 |
Issue and Settlement Date |
Wednesday, 3 March 2021 |
Bidding Convention |
Fully paid Bid Price (see Note 1) |
Accrued Interest payable with bid |
Nil |
Auction Open |
9:00am London Time |
Auction Close |
10:00am London Time |
Post Auction Option Facility Open |
12:30pm London Time |
Post Auction Option Facility Close |
1:00pm London Time |
Details of Security |
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Title |
0⅜% Treasury Gilt 2026 |
Amount (nominal) for auction |
£3,000 million (see Note 3) |
Nominal outstanding after auction |
£3,000.0 million |
Maturity Date |
22 October 2026 at par |
Interest Payment Dates |
22 April and 22 October |
ISIN Code |
GB00BNNGP668 |
SEDOL Code |
B-NNG-P66 |
Strippable |
No (see Note 4) |
Interest Payable |
Gross (see Note 2) |
Next Interest Payment Date |
22 October 2021 - £0.239011 per £100 nominal
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“When Issued” Trading |
under London Stock Exchange Rule 1530 |
Commences |
3:30pm London Time: 23 February 2021 |
Closes |
Close of business: 2 March 2021 |
“When issued” ISIN Code |
GB00BNNGP668 |
“When issued” SEDOL Code |
B-NNG-P66 |
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 9.00 am on Tuesday, 2 March 2021 and not later than 10.00 am on Tuesday, 2 March 2021.
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 £3,000 million of 0⅜% Treasury Gilt 2026
DMO : 23 February 2021 |
Available on the DMO’s Gilt Market Publications webpage at: |
Information Memorandum relating to the Issue, Stripping and Reconstitution of British Government Stock DMO : 30 December 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.