LONDON, December 01, 2022--(BUSINESS WIRE)--
The Minster Building
T 020 7862 6500
1 December 2022
RESULT OF THE SALE BY AUCTION OF £2250 MILLION OF 1¼% TREASURY GILT 2051
All bids which have been accepted at the lowest accepted price have been allotted 28.7500% 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.
The range of bids accepted was as follows:
Non-competitive allotment price
Tail in basis points
The total amounts allotted and bids received were as follows:
Amount allotted to competitive bids
Amount allotted to non-competitive bids
Gilt-edged market makers
Total bids received
An additional amount of the Stock totalling up to £562.500 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.
*Tail is calculated as the yield at the lowest accepted price less the yield at the average accepted price
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UK Debt Management Office