REG-UK Debt Management Office Issue of Debt
09/08/2023 11:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230809:nBw2J0JDHa&default-theme=true
Issue of Debt
DMO-TAS041/3129/002
The Minster Building T 020 7862 6500
21 Mincing Lane F 020 7862 6509
London
EC3R 7AG www.dmo.gov.uk (https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dmo.gov.uk&esheet=53518825&newsitemid=20230809062026&lan=en-US&anchor=www.dmo.gov.uk&index=1&md5=48830df7197365c0b6f02d9be603976a)
A112\23 9 August 2023
PRESS NOTICE
RESULT OF THE SALE BY AUCTION OF £3500 MILLION OF 3¼% TREASURY GILT 2033
The United Kingdom Debt Management Office ("DMO") announces that the auction of £3,500 million of 3¼% Treasury Gilt 2033 (ISIN Code: GB00BMV7TC88) 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 lowest accepted price have been allotted 30.5555% of the amount bid for.
Competitive bids made at prices above the lowest accepted price have been allotted in full. Competitive bids made at prices below the lowest accepted price have been rejected.
Price Yield
2. The range of bids accepted was as follows:
Highest Accepted £91.578 4.344%
Non-competitive allotment price £91.531 4.350%
(i.e. the rounded average accepted price)
Lowest Accepted £91.477 4.358%
Tail in basis points 0.7*
3. The total amounts allotted and bids received were as follows:
Amount allotted to competitive bids £2,974.999 million
Amount allotted to non-competitive bids
Gilt-edged market makers £525.000 million
Others £0.001 million
Total £3,500.000 million
Total bids received £9,113.000 million
Times covered 2.60 times
4. An additional amount of the Stock totalling up to £875.000 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.
*Tail is calculated as the yield at the lowest accepted price less the yield at the average accepted price
(using unrounded yields). This figure is then multiplied by 100 to convert it into basis points.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20230809062026/en/
(https://www.businesswire.com/news/home/20230809062026/en/)
UK Debt Management Office
Copyright Business Wire 2023