LONDON--(BUSINESS WIRE)--
| DMO-TAS031/3175/002 |
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| The Minster Building 21 Mincing Lane London EC3R 7AG |
T 020 7862 6500 F 020 7862 6509 www.dmo.gov.uk |
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| 8 November 2023 | ||||||||||||||||||||||||||
| A158\23 | ||||||||||||||||||||||||||
| PRESS NOTICE | ||||||||||||||||||||||||||
RESULT OF THE SALE BY AUCTION OF £900 MILLION OF 0 1/8% INDEX-LINKED TREASURY GILT 2051
The United Kingdom Debt Management Office ("DMO") announces that the auction of £900 million of 0 1/8% Index-Linked Treasury Gilt 2051 (ISIN code: GB00BNNGP882) has been allocated as follows:
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| 1. | All bids which have been accepted at the striking price have been allotted 33.3333% of the amount bid for. Competitive bids made at prices above the striking price have been allotted in full. Competitive bids made at prices below the striking price have been rejected. |
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| Real Clean Price | Inflation-adjusted Clean Price* | Real Yield | ||||||||||||||||||||||||
| 2. | Striking Price | £72.734 |
£93.252261 |
1.314% |
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| 3. | The total amounts allotted and bids received were as follows: | |||||||||||||||||||||||||
| Amount allotted to bids | ||||||||||||||||||||||||||
£764.999 million |
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| Amount allotted to non-competitive bids | ||||||||||||||||||||||||||
| Gilt-edged Market Makers | £135.000 million |
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| Others | £0.001 million |
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£900.000 million |
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| Total bids received | £2,859.000 million |
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| Times Covered | 3.18 times |
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| 4. | An additional amount of the Stock totalling up to £225.000 million will be made available to successful bidders for purchase at the non-competitive allotment price, in accordance with the terms of the Information Memorandum. | |||||||||||||||||||||||||
| Stock allotted to members of CREST will be credited to their accounts by member-to-member deliveries on the relevant settlement date. | ||||||||||||||||||||||||||
| 5. | ||||||||||||||||||||||||||
| *The Inflation-adjusted clean price has been calculated using an index ratio of 1.28210 and should not be rounded. It is displayed to 6dp for illustrative purposes only. |
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Category Code: IOD
Sequence Number: 1188700
Time of Receipt (offset from UTC): 20231108T104336+0000