Issue of Debt

LONDON--()-- 

 

 

 

 

The Minster Building

21 Mincing Lane

London

EC3R 7AG

Tel 020 7862 6500

 

 

www.dmo.gov.uk

 

 

25 January 2023

PRESS NOTICE

AUCTION OF BRITISH GOVERNMENT STOCK

Auction Details

Auction Date

Wednesday, 1 February 2023

Issue and Settlement Date

Thursday, 2 February 2023

Bidding Convention

Fully paid Bid Price (see Note 1)

Accrued Interest payable with bid

£0.004834254144 per £100 nominal

Auction Open

9:00am London Time

Auction Close

10:00am London Time

Post Auction Option Facility

Not available (see Note 3)

Details of Security

Title

0⅞% Green Gilt 2033 (see Note 5)

Amount (nominal) for auction

£3,000 million (fungible with previous issues)

Nominal outstanding after auction

£18,492.0 million

Maturity Date

31 July 2033 at par

Interest Payment Dates

31 January and 31 July

ISIN Code

GB00BM8Z2S21

SEDOL Code

B-M8Z-2S2

Strippable

No (see Note 4)

Interest Payable

Gross (see Note 2)

Next Interest Payment Date

31 July 2023 (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 9.00 am on Wednesday, 1 February 2023 and not later than 10.00 am on Wednesday, 1 February 2023.

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: This auction will not be eligible for the Post Auction Option Facility.

Note 4: The Gilt may not be stripped and reconstituted until so specified in a notice issued by the DMO.

Note 5: Investors should have regard to the "Green Gilts" section of the Information Memorandum and to the UK Government Green Financing Framework (Framework), including but not limited to the section of the Framework entitled "Green Financing and Legal Considerations", before deciding to invest in the Gilt. The Framework has not been incorporated into, and does not form part of, the prospectus or the Information Memorandum.

Documentation

Prospectus for auction of £3,000 million of 0⅞% Green Gilt 2033

 

DMO : 25 January 2023

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 : 14 September 2021

https://www.dmo.gov.uk/media/hein4pwn/infmemadd140921.pdf

UK Government Green Financing Framework

 

DMO : June 2021

https://www.dmo.gov.uk/media/30cd0q3b/pr150721.pdf

Formulae for Calculating Gilt Prices from Yields

 

DMO : 16 March 2005

https://www.dmo.gov.uk/media/1sljygul/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.

Gilt sales in 2022-23

A table showing the progress of gilt sales in the current financial year is published in the ‘Responsibilities – Financing Remit’ section of the DMO website at: https://www.dmo.gov.uk/dmo_static_reports/currentremit.pdf. The table is updated after the conclusion of every gilt sales operation.

Category Code: IOD
Sequence Number: 1056508
Time of Receipt (offset from UTC): 20230125T160722+0000

Contacts

UK Debt Management Office

Contacts

UK Debt Management Office