Issue of Debt

LONDON--()-- 

 

 

 

 

The Minster Building

21 Mincing Lane

London

EC3R 7AG

Tel 020 7862 6500

 

 

www.dmo.gov.uk

 

 

4 May 2021

PRESS NOTICE

AUCTION OF BRITISH GOVERNMENT STOCK

Auction Details

Auction Date

Tuesday, 11 May 2021

Issue and Settlement Date

Wednesday, 12 May 2021

Bidding Convention

Fully paid Bid Price (see Note 1)

Accrued Interest payable with bid

£0.027322404372 per £100 nominal

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

0½% Treasury Gilt 2061

Amount (nominal) for auction

£1,500 million (fungible with previous issues) (see Note 3)

Nominal outstanding after auction

£16,562.5 million

Maturity Date

22 October 2061 at par

Interest Payment Dates

22 April and 22 October

ISIN Code

GB00BMBL1D50

SEDOL Code

B-MBL-1D5

Strippable

No (see Note 4)

Interest Payable

Gross (see Note 2)

Next Interest Payment Date

22 October 2021 (Standard Coupon)

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 Tuesday, 11 May 2021 and not later than 11.30 am on Tuesday, 11 May 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

Prospectus for auction of £1,500 million of 0½% Treasury Gilt 2061

 

DMO : 4 May 2021

Available on the DMO’s Gilt Market Publications webpage at:

https://www.dmo.gov.uk/publications/

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

 

DMO : 8 March 2021

https://www.dmo.gov.uk/media/17335/infmemadd080321.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.

Category Code: IOD
Sequence Number: 736568
Time of Receipt (offset from UTC): 20210504T155045+0100

Contacts

UK Debt Management Office

Contacts

UK Debt Management Office