LONDON, August 04, 2021--(BUSINESS WIRE)--
The Minster Building
21 Mincing Lane
Tel 020 7862 6500
4 August 2021
AUCTION OF BRITISH GOVERNMENT STOCK
Wednesday, 11 August 2021
Issue and Settlement Date
Thursday, 12 August 2021
Uniform Price (see Note 1)
Index adjusted accrued interest payable with bid
£0.027023131793 per £100 nominal
9:00am London Time
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
0⅛% Index-linked Treasury Gilt 2039
Amount (nominal) for auction
£700 million (fungible with previous issue) (see Note 5)
Nominal outstanding after auction
£4,700.0 million (£4,793.8 million Index adjusted)
22 March 2039
Interest Payment Dates
22 March and 22 September
Reference Index applicable to first issue date
296.72581 (as at 26 May 2021) (see Note 4)
Index Ratio at 12 August 2021
Gross (see Note 2)
Next Interest Payment Date
22 September 2021 (Short First Coupon) (see Note 3)
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. Index-linked Gilt-edged Market Makers may bid by means of the Bloomberg Bond Auction System to the DMO not earlier than 9.00 am on Wednesday, 11 August 2021 and not later than 10.00 am on Wednesday, 11 August 2021.
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: Actual amount of interest per £100 nominal will be ((119/184) multiplied by £0.0625) x Index Ratio for 22 September 2021 and expressed as a percentage in pounds sterling to six places of decimals and rounded to the nearest figure.
Note 4: The Reference Index for the first calendar day of any calendar month shall be the Retail Prices Index figure for the calendar month falling three calendar months earlier. The Reference Index for any other day in the month shall be calculated by linear interpolation between the Reference Index applicable to the first calendar day of the month in which the day falls and the Reference Index applicable to the first calendar day of the month immediately following. Interpolated values for the Reference Index for any date should be rounded to the nearest 5th decimal place.
Note 5: 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.
Prospectus for auction of £700 million of 0⅛% Index-linked Treasury Gilt 2039
DMO : 4 August 2021
Available on the DMO’s Gilt Market Publications webpage at:
Information Memorandum relating to the Issue, Stripping and Reconstitution of British Government Stock
DMO : 8 March 2021
Formulae for Calculating Gilt Prices from Yields
DMO : 16 March 2005
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/20210804005784/en/
UK Debt Management Office