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Issue of Debt

BUS

Issue of Debt

UK Debt Management Office

 

 
 
DMO-TAS041/2603/003
 
 
Eastcheap Court
11 Philpot Lane
London
EC3M 8UD		 T 020 7862 6500
F 020 7862 6509

www.dmo.gov.uk
A28420 28 October 2020
 
PRESS NOTICE
 
RESULT OF THE SALE BY AUCTION OF £2500 MILLION OF 0⅜% TREASURY GILT 2030

The United Kingdom Debt Management Office ("DMO") announces that the auction of £2,500 million of 0⅜% Treasury Gilt 2030 (ISIN Code: GB00BL68HH02) 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 33.8888% 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

£101.310

0.242%

 
 
Non-competitive allotment price
(i.e. the rounded average accepted price)

£101.287

0.244%

 
 
Lowest Accepted

£101.276

0.246%

 
Tail in basis points 0.1*
 
3. The total amounts allotted and bids received were as follows:
Amount allotted to competitive bids £2,124.999 million
Amount allotted to non-competitive bids
Gilt-edged market makers £375.000 million
Others £0.001 million
Total £2,500.000 million
Total bids received £7,504.000 million
Times covered 3.00 times
 
 
4. An additional amount of the Stock totalling up to £625.000 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.