Issue of Debt
LONDON, May 14, 2024--(BUSINESS WIRE)--
DMO-TAS031/3268/002 | ||||||||||||
The Minster Building | T 020 7862 6500 |
14 May 2024 | |||||||||||||||||||||||||
A072\24 | |||||||||||||||||||||||||
PRESS NOTICE | |||||||||||||||||||||||||
RESULT OF THE SALE BY AUCTION OF £600 MILLION OF 0 1/8% INDEX-LINKED TREASURY GILT 2073 |
1. | All bids which have been accepted at the striking price have been allotted 60.0000% of the amount bid for. | ||||||||||||||||||||||
Real Clean Price | Inflation-adjusted Clean Price* | Real Yield | ||||||||||||||||||||
2. | Striking Price | £66.420 | £82.271797 | 0.994% | ||||||||||||||||||
3. | The total amounts allotted and bids received were as follows: | |||||||||||||||||||||
Amount allotted to bids | ||||||||||||||||||||||
£510.000 | million | |||||||||||||||||||||
Amount allotted to non-competitive bids | ||||||||||||||||||||||
Gilt-edged Market Makers | £90.000 | million | ||||||||||||||||||||
Others | £0.000 | million | ||||||||||||||||||||
£600.000 | million | |||||||||||||||||||||
Total bids received | £1,973.000 | million | ||||||||||||||||||||
Times Covered | 3.29 | times | ||||||||||||||||||||
4. | An additional amount of the Stock totalling up to £150.000 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 1.23866 and should not be rounded. It is displayed to 6dp for illustrative purposes only. | ||||||||||||||||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20240514633836/en/
Contacts
UK Debt Management Office