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Issue of Debt

BUS

Issue of Debt

UK Debt Management Office

 

DMO-TAS031/2592/005
Eastcheap Court
11 Philpot Lane
London
EC3M 8UD		   T 020 7862 6500
F 020 7862 6509

www.dmo.gov.uk
20 October 2020
A27320
 
PRESS NOTICE
 
RESULT OF THE SALE BY AUCTION OF £600 MILLION OF 1¼% INDEX-LINKED TREASURY GILT 2032

The United Kingdom Debt Management Office ("DMO") announces that the auction of £600 million of 1¼% Index-linked Treasury Gilt 2032 (ISIN code: GB00B3D4VD98) 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 61.5384% 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

£162.030

£219.106688

-2.976%

 
3. The total amounts allotted and bids received were as follows:
 
Amount allotted to bids

£509.999

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

£90.000

million
 
Others

£0.001

million

£600.000

million
 
 
Total bids received

£1,893.000

million
 
Times Covered

3.16

times
 
 
4. An additional amount of the Stock totalling up to £150.000 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 1.35226 and should not be rounded. It is displayed to 6dp for illustrative purposes only.