UKDMO: Issue of Debt

Date : 01/07/2020 @ 10:42
Source : UK Regulatory (RNS & others)

UKDMO: Issue of Debt

 
 
 
 
    DMO-TAS041/2470/002 
 
 
 
  Eastcheap Court                T  020 7862 6500 
  11 Philpot Lane                 F  020 7862 6509 
  London EC3M 8UD 
                                  www.dmo.gov.uk 
 
 
 
 
 
                                 1 July 2020 
 
 
 PRESS NOTICE 
 
 
 RESULT OF THE SALE BY AUCTION OF GBP3000 MILLION OF 01/8% 
 TREASURY GILT 2028    The United Kingdom Debt Management Office 
 ("DMO") announces that the auction of  GBP3,000 million of 01/8% 
 Treasury Gilt 2028 (ISIN Code: GB00BMBL1G81) has been allocated 
 as follows: (Note: all prices in this notice are quoted in pounds 
 and pence) 
 
 
 
 
 
 
 
       All bids which have been accepted at the lowest accepted 
 1.    price have been allotted 52.0000% 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. 
 
 
 
       The range of bids 
       accepted was as 
 2.    follows:                     Price             Yield 
 
   Highest Accepted              GBP100.193           0.099% 
 
 
   Non-competitive 
    allotment price 
    (i.e. the rounded 
    average accepted 
    price)                       GBP100.158           0.104% 
 
 
   Lowest Accepted               GBP100.110           0.110% 
 
   Tail in basis points              0.6* 
 
 3.    The total amounts 
        allotted and bids 
        received were as 
        follows: 
   Amount allotted to          GBP2,550.000 million 
    competitive bids 
   Amount allotted to 
    non-competitive 
    bids 
   Gilt-edged market         GBP450.000 million 
    makers 
   Others                    GBP0.000 million 
   Total                     GBP3,000.000 million 
   Total bids received       GBP5,534.000 million 
   Times covered             1.84 times 
 
 
 4.    An additional amount of the Stock totalling up to 
        GBP750.000 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/20200701005424/en/

 
    CONTACT: 

UK Debt Management Office

 
    SOURCE: UK Debt Management Office 
Copyright Business Wire 2020 
 

(END) Dow Jones Newswires

July 01, 2020 05:42 ET (09:42 GMT)

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