Issue of Debt

LONDON--(BUSINESS WIRE)-- 

						DMO-TAS031/3404/003
					The Minster Building 21 Mincing Lane London EC3R 7AG	T 020 7862 6500 F 020 7862 6509 www.dmo.gov.uk
						14 January 2025
A007\25
PRESS NOTICE
RESULT OF THE SALE BY AUCTION OF £1,000 MILLION OF 1¼% INDEX-LINKED TREASURY GILT 2054 The United Kingdom Debt Management Office ("DMO") announces that the auction of £1,000 million of 1¼% Index-linked Treasury Gilt 2054 (ISIN code: GB00BPSNBG80) 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 92.0000% 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	£80.714	£83.317027	2.126%
	3.	The total amounts allotted and bids received were as follows:
		Amount allotted to bids
					£850.000	million
		Amount allotted to non-competitive bids
				Gilt-edged Market Makers	£150.000	million
				Others	£0.000	million
					£1,000.000	million
		Total bids received			£3,063.000	million
		Times covered**			3.06	x
	4.	An additional amount of the Stock totalling up to £250.000 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.
	5.	Stock allotted to members of CREST will be credited to their accounts by member-to-member deliveries on the relevant settlement date.
	*The Inflation-adjusted clean price has been calculated using an index ratio of 1.03225 and should not be rounded. It is displayed to 6dp for illustrative purposes only.
	**Times covered is rounded to the nearest 2dp.

 

Category Code: IOD

Sequence Number: 1275071

Time of Receipt (offset from UTC): 20250114T103005+0000