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Pin to quick picks0 3/4 Tg 23 Regulatory News (TG23)

Share Price Information for 0 3/4 Tg 23 (TG23)

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Issue of Debt

Tue, 9th Jan 2018 15:40

    Eastcheap Court

11 Philpot Lane

London

EC3M 8UD

 

Tel 020 7862 6500

Fax 020 7862 6509

 

www.dmo.gov.uk

 

 

9 January 2018

AUCTION OF BRITISH GOVERNMENT STOCK

Auction Details
Auction Date   Thursday, 18 January 2018
Issue and Settlement Date Friday, 19 January 2018
Bidding Convention Fully paid Bid Price (see Note 1)
Rebate Interest to be deducted from amount payable with bid £0.006114 per £100 nominal
Auction Close 10:30am London Time
Details of Security
Title   0¾% Treasury Gilt 2023
Amount (nominal) for auction £2,500 million (fungible with previous issues) (see Note 3)
Nominal outstanding after auction £17,483.6 million
Maturity Date 22 July 2023 at par
Interest Dates 22 January – 22 July
ISIN Code GB00BF0HZ991
SEDOL Code B-F0H-Z99
Strippable No (see Note 4)
Interest Payable Gross (see Note 2)
Next Receivable Interest Payment Date 22 July 2018 (Standard Coupon)

Note 1: Bids may be made on either a competitive or a non-competitive basis. Details of the bidding procedures are set out in the prospectus and in the Information Memorandum. Gilt-edged Market Makers may bid by means of the Bloomberg Bond Auction System to the DMO not later than 10.30 am on Thursday, 18 January 2018 .

Note 2: Holders may elect to have United Kingdom income tax deducted from interest payments, should they so wish, on application to the Registrar, Computershare Investor Services PLC.

Note 3: Subject to the provisions of the Information Memorandum, this auction will be eligible for the Post Auction Option Facility of an additional amount of the Gilt equivalent to 15% of the nominal amount of the Gilt allocated at the auction. Details of the Post Auction Option Facility procedures are set out in the Information Memorandum.

Note 4: The Gilt may not be stripped and reconstituted until so specified in a notice issued by the DMO.

Documentation
Prospectus

DMO : 9 January 2018

   
Information Memorandum relating to the Issue, Stripping and Reconstitution of British Government Stock

DMO : January 2017

http://www.dmo.gov.uk/media/14590/infmemadd200117.pdf

Formulae for Calculating Gilt Prices from Yields

DMO : 16 March 2005

www.dmo.gov.uk/media/1955/yldeqns.pdf

Applications from Members of the Approved Group of Investors

Application forms from Approved Group members must be sent to Computershare Investor Services PLC, who is acting on behalf of the DMO, at the following address: British Government Stocks (Gilts), Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS99 6ZW to arrive not later than 10.00 am on Thursday, 18 January 2018 . They may also be lodged by hand at the DMO, Eastcheap Court, 11 Philpot Lane, London, EC3M 8UD not later than 10.00 am on Thursday, 18 January 2018.

The amount payable on application in the case of a non-competitive bid made by a member of the Approved Group is £101.50 per £100 nominal of the Gilt.

Remit 2017-18

Gilt sales of £115.1 billion (cash) are planned in 2017-18.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180109006252/en/

Copyright Business Wire 2018

Date   Source Headline
9th Jan 20183:40 pmBUSIssue of Debt

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