Issue of Debt

LONDON--(BUSINESS WIRE)-- 

USE OF THE DMO'S STANDING REPO FACILITY – 03 OCTOBER 2023

Stock(s) made available to the market under DMO's Standing Repo Facility:

Amount in GBP (nominal)	Stock
458 million	3 1/2% Treasury Gilt 2025 (ISIN GB00BPCJD880)

In accordance with the terms of the DMO’s Standing Repo Facility, effective from 03 August 2023, the DMO has today created additional stock for Standing Repo purposes. The DMO has been given general collateral at the Bank of England's Official Bank Rate (5.25%) against the stock it has lent at 4.50% for the Standing Repo. It is intended that any additional stock created under this operation will be cancelled upon return, but, where relevant, the DMO will make an announcement at that time.

For full terms and conditions of the Facility, please see the DMO website at: https://dmo.gov.uk/media/s0jn4gk1/repotc030823.pdf

Where gilts have been created temporarily under the Facility, providers of gilt indices may wish to consider such amounts ineligible for inclusion, temporary or otherwise, in the calculation of their gilt indices. The amount(s) in issue following cancellation of such stock(s) will remain unchanged.

UK Debt Management Office (UK DMO)