Issue of Debt
LONDON, September 27, 2022--(BUSINESS WIRE)--
The Minster Building 21 Mincing Lane London EC3R 7AG | Tel 020 7862 6500 27 September 2022 | |
PRESS NOTICE
AUCTION OF BRITISH GOVERNMENT STOCK
Auction Details | |
Auction Date | Tuesday, 4 October 2022 |
Issue and Settlement Date | Wednesday, 5 October 2022 |
Bidding Convention | Fully paid Bid Price (see Note 1) |
Accrued Interest payable with bid | £0.226775956284 per £100 nominal |
Auction Open | 9:00am London Time |
Auction Close | 10:00am London Time |
Post Auction Option Facility Open | 12:30pm London Time |
Post Auction Option Facility Close | 1:00pm London Time |
Details of Security | |
Title | 0½% Treasury Gilt 2061 |
Amount (nominal) for auction | £2,500 million (fungible with previous issues) (see Note 3) |
Nominal outstanding after auction | £22,863.2 million |
Maturity Date | 22 October 2061 at par |
Interest Payment Dates | 22 April and 22 October |
ISIN Code | GB00BMBL1D50 |
SEDOL Code | B-MBL-1D5 |
Strippable | No (see Note 4) |
Interest Payable | Gross (see Note 2) |
Next Interest Payment Date | 22 October 2022 (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, 4 October 2022 and not later than 10.00 am on Tuesday, 4 October 2022.
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: Subject to the provisions of the Information Memorandum, this auction will be eligible for the Post Auction Option Facility of an additional amount of the Gilt equivalent to 25% of the nominal amount of the Gilt allocated at the auction. Details of the Post Auction Option Facility procedures are set out in the Information Memorandum as supplemented by the prospectus.
Note 4: The Gilt may not be stripped and reconstituted until so specified in a notice issued by the DMO.
Documentation | |
Prospectus for auction of £2,500 million of 0½% Treasury Gilt 2061 DMO : 27 September 2022 | 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 | |
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220927005880/en/
Contacts
UK Debt Management Office