Issue of Debt

LONDON, September 27, 2022--(BUSINESS WIRE)--

The Minster Building

21 Mincing Lane

London

EC3R 7AG

Tel 020 7862 6500

www.dmo.gov.uk

27 September 2022

PRESS NOTICE

AUCTION OF BRITISH GOVERNMENT STOCK

Auction Details

Auction Date

Tuesday, 4 October 2022

Issue and Settlement Date

Wednesday, 5 October 2022

Bidding Convention

Fully paid Bid Price (see Note 1)

Accrued Interest payable with bid

£0.226775956284 per £100 nominal

Auction Open

9:00am London Time

Auction Close

10:00am London Time

Post Auction Option Facility Open

12:30pm London Time

Post Auction Option Facility Close

1:00pm London Time

Details of Security

Title

0½% Treasury Gilt 2061

Amount (nominal) for auction

£2,500 million (fungible with previous issues) (see Note 3)

Nominal outstanding after auction

£22,863.2 million

Maturity Date

22 October 2061 at par

Interest Payment Dates

22 April and 22 October

ISIN Code

GB00BMBL1D50

SEDOL Code

B-MBL-1D5

Strippable

No (see Note 4)

Interest Payable

Gross (see Note 2)

Next Interest Payment Date

22 October 2022 (Standard Coupon)

Note 1: Bids may be made on either a competitive or a non‑competitive basis. Details of the bidding procedures are set out in the prospectus and in the Information Memorandum. Gilt‑edged Market Makers may bid by means of the Bloomberg Bond Auction System to the DMO not earlier than 9.00 am on Tuesday, 4 October 2022 and not later than 10.00 am on Tuesday, 4 October 2022.

Note 2: Holders may elect to have United Kingdom income tax deducted from interest payments, should they so wish, on application to the Registrar, Computershare Investor Services PLC.

Note 3: Subject to the provisions of the Information Memorandum, this auction will be eligible for the Post Auction Option Facility of an additional amount of the Gilt equivalent to 25% of the nominal amount of the Gilt allocated at the auction. Details of the Post Auction Option Facility procedures are set out in the Information Memorandum as supplemented by the prospectus.

Note 4: The Gilt may not be stripped and reconstituted until so specified in a notice issued by the DMO.

Documentation

Prospectus for auction of £2,500 million of 0½% Treasury Gilt 2061

DMO : 27 September 2022

Available on the DMO’s Gilt Market Publications webpage at:

https://www.dmo.gov.uk/publications/

Information Memorandum relating to the Issue, Stripping and Reconstitution of British Government Stock

DMO : 14 September 2021

https://www.dmo.gov.uk/media/hein4pwn/infmemadd140921.pdf

Formulae for Calculating Gilt Prices from Yields

DMO : 16 March 2005

https://www.dmo.gov.uk/media/1sljygul/yldeqns.pdf

Applications from Members of the Approved Group of Investors

For this auction applications may not be made by members of the Approved Group.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220927005880/en/

Contacts

UK Debt Management Office