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Issue of Debt

LONDON, September 27, 2023--(BUSINESS WIRE)--

DMO-TAS041/3151/004

The Minster Building
21 Mincing Lane
London
EC3R 7AG

T 020 7862 6500
F 020 7862 6509

www.dmo.gov.uk

A134\23

27 September 2023

PRESS NOTICE

RESULT OF THE SALE BY TENDER OF UP TO £750 MILLION OF 1⅛% TREASURY GILT 2073

The United Kingdom Debt Management Office ("DMO") announces that the tender of up to £750 million of 1⅛% Treasury Gilt 2073 (ISIN Code: GB00BLBDX619) has been allocated as follows:

(Note: all prices in this notice are quoted in pounds and pence)

1.

All bids which have been accepted at the lowest accepted price have been allotted 81.3333% 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.

Price

Yield

2.

The range of bids accepted was as follows:

Highest Accepted

£35.200

4.273%

Average Accepted Price

£35.040

4.289%

Lowest Accepted

£35.027

4.291%

Tail in basis points

0.1*

3.

The total amounts allotted and bids received were as follows:

Amount allotted to competitive bids

£749.998 million

Residual held by DMO

£0.002 million

Total

£750.000 million

Total bids received

£2,157.000 million

Times covered

2.88 times

4.

The new amount in issue for this Gilt from 28 September 2023 will be £10,857.000 million nominal.

5.

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
(using unrounded yields). This figure is then multiplied by 100 to convert it into basis points.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230927919758/en/

Contacts

UK Debt Management Office

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