UK Debt Management Office UK Regulatory Announcement: Debt Issuance

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LONDON–(COMMERCIAL THREAD) –

DMO-TAS041 / 2836/002
Minister’s building
21 hash aisle
London
EC3R 7AG
Phone. 020 7862 6500
F 020 7862 6509

www.dmo.gov.uk

A185 21 12 October 2021
PRESS NOTICE
AUCTION RESULT OF £ 1,250 MILLION 0½% GOLDEN TREASURE 2061

The United Kingdom Debt Management Office (“DMO”) announces that the £ 1,250 million auction of 0½% Treasury Gilt 2061 (ISIN code: GB00BMBL1D50) has been awarded as follows:

(Note: All prices shown in this notice are shown in pounds sterling and pence)

1. All bids that were accepted at the lowest accepted price received 50,000% of the bid amount.
Competitive offers made at prices above the lowest accepted price have been awarded in full. Competitive offers made at prices below the lowest accepted price were rejected.
Price Yield
2. The range of offers accepted was as follows:
Highest accepted

£ 72,181

1.412%

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

£ 72,129

1.414%

Lowest accepted

£ 72,076

1.416%

Tail in basis points 0.2 *
3. The total amounts awarded and the offers received were as follows:
Amount allocated to competitive offers £ 1,062,500 million
Amount allocated to non-competitive offers
Golden Market Makers 187.500 million pounds sterling
Others 0.000 million pounds sterling
Total £ 1,250,000 million
Total tenders received £ 3,176,500 million
Covered time 2.54 times
4. An additional amount of Stock totaling up to £ 312,500 million will be made available to successful bidders for purchase at the non-competitive award price, in accordance with the terms of the Information Memorandum.
5. Stocks allocated to CREST members will be credited to their accounts by member-to-member deliveries on the relevant settlement date.
* The tail is calculated as the return at the lowest accepted price minus the return at the average accepted price
(using unrounded returns). This number is then multiplied by 100 to convert it to basis points.

Category code: IOD

Sequence number: 748333

Reception time (offset from UTC): 20211012T101849 + 0100


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