Issue of Debt

LONDON--(BUSINESS WIRE)-- 

					DMO-TAS041/3669/003
				The Minster Building 21 Mincing Lane London EC3R 7AG			T 020 7862 6500 F 020 7862 6509 www.dmo.gov.uk
A063\26								21 May 2026
PRESS NOTICE
RESULT OF THE SALE BY AUCTION OF £4000 MILLION OF 4⅞% TREASURY GILT 2036 The United Kingdom Debt Management Office ("DMO") announces that the auction of £4,000 million of 4⅞% Treasury Gilt 2036 (ISIN Code: GB00BWBR1N39) has been allocated as follows: (Note: all prices in this notice are quoted in pounds and pence)
	1.	All bids which have been accepted at the lowest accepted price have been allotted 17.5000% of the amount bid for. Competitive bids made at prices above the lowest accepted price have been allotted in full. Competitive bids made at prices below the lowest accepted price have been rejected.
						Price				Yield
	2.	The range of bids accepted as follows:
		Highest Accepted				£98.842			5.022%
		Non-competitive allotment price (i.e. the rounded average accepted price)				£98.812			5.026%
		Lowest Accepted				£98.789			5.029%
		Tail*						0.3 bps
	3.	The total amounts allotted and bids received were as follows:
		Amount allotted to competitive bids		£3,400.000 million
		Amount allotted to non-competitive bids
		Gilt-edged market makers	£600.000 million
		Others	£0.000 million
		Total		£4,000.000 million
		Total bids received	£13,784.000 million
		Times covered**		3.45 x
	4.	An additional amount of the Stock totalling up to £1,000.000 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.
	5.	Stock allotted to members of CREST will be credited to their accounts by member-to-member deliveries on the relevant settlement date.
		*Tail is calculated as the yield at the lowest accepted price less the yield at the average accepted price (using unrounded yields). This figure is then multiplied by 100 to convert it into basis points.
		**Times covered is rounded to the nearest 2dp.