Issue of Debt

LONDON--(BUSINESS WIRE)-- 

						DMO-TAS031/3412/004
						The Minster Building 21 Mincing Lane London EC3R 7AG			T 020 7862 6500 F 020 7862 6509 www.dmo.gov.uk
									28 January 2025
A015\25
	PRESS NOTICE
RESULT OF THE SALE BY AUCTION OF £1,500 MILLION OF 1⅛% INDEX-LINKED TREASURY GILT 2035 The United Kingdom Debt Management Office ("DMO") announces that the auction of £1,500 million of 1⅛% Index-linked Treasury Gilt 2035 (ISIN code: GB00BT7HZZ68) 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 13.3333% 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	£99.971				£99.971000			1.128%
	3.	The total amounts allotted and bids received were as follows:
		Amount allotted to bids
								£1,274.999			million
		Amount allotted to non-competitive bids
				Gilt-edged Market Makers				£225.000			million
					Others			£0.001			million
								£1,500.000			million
		Total bids received						£4,674.000			million
		Times covered**						3.12			x
	4.	An additional amount of the Stock totalling up to £375.000 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 1.00000 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: 1289685

Time of Receipt (offset from UTC): 20250128T105110+0000