Issue of Debt
LONDON, June 26, 2024--(BUSINESS WIRE)--
DMO-TAS041/3293/003 | ||||||||||||||||||||||
The Minster Building | T 020 7862 6500 | |||||||||||||||||||||
A097\24 | 26 June 2024 | |||||||||||||||||||||
PRESS NOTICE | ||||||||||||||||||||||
RESULT OF THE SALE BY AUCTION OF £3000 MILLION OF 3¾% TREASURY GILT 2038 | ||||||||||||||||||||||
1. | All bids which have been accepted at the lowest accepted price have been allotted 72.8712% of the amount bid for. | |||||||||||||||||||||
Price | Yield | |||||||||||||||||||||
2. | The range of bids accepted as follows: | |||||||||||||||||||||
Highest Accepted | £94.273 | 4.311% | ||||||||||||||||||||
Non-competitive allotment price | £94.248 | 4.314% | ||||||||||||||||||||
Lowest Accepted | £94.240 | 4.314% | ||||||||||||||||||||
Tail* | 0.1 bps | |||||||||||||||||||||
3. | The total amounts allotted and bids received were as follows: | |||||||||||||||||||||
Amount allotted to competitive bids | £2,549.998 million | |||||||||||||||||||||
Amount allotted to non-competitive bids | ||||||||||||||||||||||
Gilt-edged market makers | £450.000 million | |||||||||||||||||||||
Others | £0.002 million | |||||||||||||||||||||
Total | £3,000.000 million | |||||||||||||||||||||
Total bids received | £10,256.000 million | |||||||||||||||||||||
Times covered** | 3.42 x | |||||||||||||||||||||
4. | An additional amount of the Stock totalling up to £750.000 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 | ||||||||||||||||||||||
**Times covered is rounded to the nearest 2dp. | ||||||||||||||||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20240626464913/en/
Contacts
UK Debt Management Office