Source - BUS

Issue of Debt

UK Debt Management Office

              DMO-TAS031/1888/003  
   
 
Eastcheap Court

11 Philpot Lane

London

EC3M 8UD

T 020 7862 6500

F 020 7862 6509

 

www.dmo.gov.uk

 
 
 
 
 
12 October 2016

 

 
 
PRESS NOTICE
 
RESULT OF THE SALE BY AUCTION OF £850 MILLION OF 0 1/8% INDEX-LINKED TREASURY GILT 2036

 

The United Kingdom Debt Management Office ("DMO") announces that the auction of £850 million of 0 1/8% Index-Linked Treasury Gilt 2036 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 43.9133% 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 £148.300 £150.448867 -1.847%
 
3. The total amounts allotted and bids received were as follows:
 
Amount allotted to bids

£731.760 million

Amount allotted to non-competitive bids
Gilt-edged Market Makers

£118.200 million

 
Others

£0.040 million

£850.000 million

 
 
Total bids received

£1,739.239 million

 
Times Covered

2.05 times

 
 
4. An additional amount of the Stock totalling up to £127.500 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. Cheques may be presented for payment. Refund cheques, where appropriate, will be sent as soon as possible by post. Stock allotted to members of CREST will be credited to their accounts by member-to-member deliveries on the relevant settlement date if they so requested.
 
 
 
*The Inflation-adjusted clean price has been calculated using an index ratio of 1.01449 and should not be rounded. It is displayed to 6dp for illustrative purposes only.