Issue of Debt

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LONDON, October 21, 2021--(BUSINESS WIRE)--

Minster Court

21 Mincing Lane

London

EC3R 7AG

T 020 7862 6500

www.dmo.gov.uk

21 October 2021

PRESS NOTICE

SYNDICATED LAUNCH OF £6.0 BILLION OF 1½% GREEN GILT 2053: RESULT

The United Kingdom Debt Management Office (DMO) announces that the syndicated launch of £6.0 billion (nominal) of 1½% Green Gilt 2053 has been priced at £102.214 per £100 nominal, equating to a gross redemption yield of 1.4133%. The transaction will settle, and the new green gilt will be issued, on 22 October 2021.

Proceeds from today’s transaction are expected to amount to approximately £6.1 billion (cash [1]) and will take gilt sales via the five syndications held in the financial year to date to £35.1 billion. Total gilt sales in 2021-22 amount to £153.1 billion, of which green gilt sales account for £16.1 billion. The DMO is planning to raise £252.6 billion via gilt sales in 2021-22.

The UK domestic market provided the main support for the issue, taking around 88% of the allocation.

NOTES TO EDITORS

The syndicated offer was managed by five Joint Bookrunners: BofA Securities, Morgan Stanley, NatWest Markets, RBC CM and Santander. All other wholesale Gilt-edged Market Makers were appointed Co-Lead Managers. The composition of the syndicate was announced by the DMO on 8 October 2021.

This press notice will be appearing on the DMO’s website at: www.dmo.gov.uk

[1] Figures in this Press Notice are in cash terms unless indicated otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211021005699/en/

Contacts

UK Debt Management Office

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