Issue of Debt






The Minster Building

21 Mincing Lane



Tel 020 7862 6500


26 September 2023



Auction Details

Auction Date

Tuesday, 3 October 2023

Issue and Settlement Date

Wednesday, 4 October 2023

Bidding Convention

Fully paid Bid Price (see Note 1)

Accrued Interest payable with bid

£0.264945652174 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


1½% Green Gilt 2053 (see Note 5)

Amount (nominal) for auction

£2,250 million (fungible with previous issues)

Nominal outstanding after auction

£17,104.0 million

Maturity Date

31 July 2053 at par

Interest Payment Dates

31 January and 31 July






No (see Note 4)

Interest Payable

Gross (see Note 2)

Next Interest Payment Date

31 January 2024 (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 Tuesday, 3 October 2023 and not later than 10.00 am on Tuesday, 3 October 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.


Prospectus for auction of £2,250 million of 1½% Green Gilt 2053


DMO : 26 September 2023

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

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


DMO : 14 September 2021

UK Government Green Financing Framework


DMO : June 2021


Formulae for Calculating Gilt Prices from Yields


DMO : 16 March 2005


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 2023-24

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: The table is updated after the conclusion of every gilt sales operation.

Category Code: IOD
Sequence Number: 1165119
Time of Receipt (offset from UTC): 20230926T153250+0100


UK Debt Management Office


UK Debt Management Office