UK Debt Management Office UK Regulatory Announcement: Issue of Debt
LONDON–(Business enterprise WIRE)–
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The Minster Constructing 21 Mincing Lane London EC3R 7AG |
Tel 020 7862 6500
24 November 2022 |
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AUCTION OF BRITISH Governing administration Inventory
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Auction Facts |
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Auction Date |
Thursday, 1 December 2022 |
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Concern and Settlement Date |
Friday, 2 December 2022 |
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Bidding Conference |
Fully paid Bid Price (see Notice 1) |
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Accrued Desire payable with bid |
£0.421195652174 for every £100 nominal |
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Auction Open |
9:00am London Time |
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Auction Close |
10:00am London Time |
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Write-up Auction Option Facility Open up |
12:30pm London Time |
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Write-up Auction Solution Facility Close |
1:00pm London Time |
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Details of Safety |
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Title |
1¼{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} Treasury Gilt 2051 |
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Sum (nominal) for auction |
£2,250 million (fungible with earlier concerns) (see Observe 3) |
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Nominal fantastic soon after auction |
£28,299.2 million |
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Maturity Day |
31 July 2051 at par |
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Interest Payment Dates |
31 January and 31 July |
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ISIN Code |
GB00BLH38158 |
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SEDOL Code |
B-LH3-815 |
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Strippable |
No (see Notice 4) |
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Fascination Payable |
Gross (see Take note 2) |
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Next Curiosity Payment Day |
31 January 2023 (Common Coupon) |
Notice 1: Bids may be designed on possibly a aggressive or a non‑competitive foundation. Details of the bidding techniques are established out in the prospectus and in the Information and facts Memorandum. Gilt‑edged Market Makers may bid by indicates of the Bloomberg Bond Auction Method to the DMO not before than 9.00 am on Thursday, 1 December 2022 and not afterwards than 10.00 am on Thursday, 1 December 2022.
Observe 2: Holders may possibly elect to have United Kingdom earnings tax deducted from interest payments, must they so want, on application to the Registrar, Computershare Investor Services PLC.
Notice 3: Topic to the provisions of the Information Memorandum, this auction will be eligible for the Write-up Auction Solution Facility of an supplemental sum of the Gilt equal to 25{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} of the nominal volume of the Gilt allotted at the auction. Specifics of the Write-up Auction Solution Facility procedures are set out in the Data Memorandum as supplemented by the prospectus.
Be aware 4: The Gilt may perhaps not be stripped and reconstituted till so specified in a discover issued by the DMO.
Applications from Users of the Accredited Group of Buyers
For this auction programs may not be designed by associates of the Permitted Group.
Gilt gross sales in 2022-23
A table showing the development of gilt sales in the present monetary yr is posted in the ‘Responsibilities – Funding Remit’ segment of the DMO site at: https://www.dmo.gov.united kingdom/dmo_static_stories/currentremit.pdf.
The desk is updated after the summary of each and every gilt profits operation.
Classification Code: IOD
Sequence Quantity: 1030018
Time of Receipt (offset from UTC): 20221124T153549+0000
