UK Debt Management Office UK Regulatory Announcement: Issue of Debt

LONDON–(Business enterprise WIRE)– 

 

 

 

 

The Minster Constructing

21 Mincing Lane

London

EC3R 7AG

Tel 020 7862 6500

 

 

www.dmo.gov.united kingdom

 

 

24 November 2022

Press Detect

AUCTION OF BRITISH Governing administration Inventory

Auction Facts

Auction Date

Thursday, 1 December 2022

Concern and Settlement Date

Friday, 2 December 2022

Bidding Conference

Fully paid Bid Price (see Notice 1)

Accrued Desire payable with bid

£0.421195652174 for every £100 nominal

Auction Open

9:00am London Time

Auction Close

10:00am London Time

Write-up Auction Option Facility Open up

12:30pm London Time

Write-up Auction Solution Facility Close

1:00pm London Time

Details of Safety

Title

1¼% Treasury Gilt 2051

Sum (nominal) for auction

£2,250 million (fungible with earlier concerns) (see Observe 3)

Nominal fantastic soon after auction

£28,299.2 million

Maturity Day

31 July 2051 at par

Interest Payment Dates

31 January and 31 July

ISIN Code

GB00BLH38158

SEDOL Code

B-LH3-815

Strippable

No (see Notice 4)

Fascination Payable

Gross (see Take note 2)

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% 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