LONDON--(BUSINESS WIRE)--
The Minster Building 21 Mincing Lane London EC3R 7AG |
Tel 020 7862 6500
11 September 2024 |
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PRESS NOTICE |
AUCTION OF BRITISH GOVERNMENT STOCK
Auction Details |
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Auction Date |
Wednesday, 18 September 2024 |
Issue and Settlement Date |
Thursday, 19 September 2024 |
Bidding Convention |
Fully paid Bid Price (see Note 1) |
Accrued Interest payable with bid |
£0.118885869565 per £100 nominal |
Auction Open |
9:00am London Time |
Auction Close |
10:00am London Time |
Post Auction Option Facility |
Not available (see Note 3) |
Details of Security |
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Title |
0⅞% Green Gilt 2033 (see Note 5) |
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Amount (nominal) for auction |
£2,750 million (fungible with previous issues) |
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Nominal outstanding after auction |
£33,555.0 million |
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Maturity Date |
31 July 2033 at par |
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Interest Payment Dates |
31 January and 31 July |
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ISIN Code |
GB00BM8Z2S21 |
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SEDOL Code |
B-M8Z-2S2 |
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Strippable |
No (see Note 4) |
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Interest Payable |
Gross (see Note 2) |
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Next Interest Payment Date |
31 January 2025 (Standard Coupon) |
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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 Wednesday, 18 September 2024 and not later than 10.00 am on Wednesday, 18 September 2024.
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: This auction will not be eligible for the Post Auction Option Facility.
Note 4: The Gilt may not be stripped and reconstituted until so specified in a notice issued by the DMO.
Note 5: Investors should have regard to the "Green Gilts" section of the Information Memorandum and to the UK Government Green Financing Framework (Framework), including but not limited to the section of the Framework entitled "Green Financing and Legal Considerations", before deciding to invest in the Gilt. The Framework has not been incorporated into, and does not form part of, the prospectus or the Information Memorandum.
Documentation |
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Prospectus for auction of £2,750 million of 0⅞% Green Gilt 2033
DMO : 11 September 2024 |
Available on the DMO’s Gilt Market Publications webpage at: |
Information Memorandum relating to the Issue, Stripping and Reconstitution of British Government Stock
DMO : 28 March 2024 |
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UK Government Green Financing Framework
DMO : June 2021 |
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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.
Gilt sales in 2024-25
A table showing the progress of gilt sales in the current financial year is published in the ‘Responsibilities – Financing Remit’ section of the DMO website at: https://www.dmo.gov.uk/dmo_static_reports/currentremit.pdf.
The table is updated after the conclusion of every gilt sales operation.