Issue of Debt

LONDON, February 27, 2024--(BUSINESS WIRE)--

DMO-TAS031/3230/002

The Minster Building
21 Mincing Lane
London
EC3R 7AG

T 020 7862 6500
F 020 7862 6509

www.dmo.gov.uk

27 February 2024

A034\24

PRESS NOTICE

RESULT OF THE SALE BY AUCTION OF £900 MILLION OF 0⅛% INDEX-LINKED TREASURY GILT 2039

The United Kingdom Debt Management Office ("DMO") announces that the auction of £900 million of 0⅛% Index-Linked Treasury Gilt 2039 (ISIN code: GB00BLH38265) 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 striking price have been allotted 40.0000% of the amount bid for.

Competitive bids made at prices above the striking price have been allotted in full. Competitive bids made at prices below the striking price have been rejected.

Real Clean Price

Inflation-adjusted Clean Price*

Real Yield

2.

Striking Price

£86.805

£110.839568

1.076%

3.

The total amounts allotted and bids received were as follows:

Amount allotted to bids

£765.000

million

Amount allotted to non-competitive bids

Gilt-edged Market Makers

£135.000

million

Others

£0.000

million

£900.000

million

Total bids received

£3,129.000

million

Times Covered

3.48

times

4.

An additional amount of the Stock totalling up to £225.000 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 1.27688 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/20240227720636/en/

Contacts

UK Debt Management Office

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