News Column

Issue of Debt

May 27, 2014

LONDON--(BUSINESS WIRE)--

AUCTION OF BRITISH GOVERNMENT STOCK

Auction Details
Auction Date   Tuesday, 3 June 2014
Issue and Settlement Date Wednesday, 4 June 2014
Bidding Convention Fully paid Bid Price (see Note 1)
Accrued Interest payable with bid £0.642956 per £100 nominal
Auction Close 10:30 am London Time
Details of Security
Title   1¾% Treasury Gilt 2019
Amount (nominal) for auction £4,000 million (fungible with previous issues) (see Note 4)
Nominal outstanding after auction £25,783.0 million
Maturity Date 22 July 2019 at par
Interest Dates 22 January – 22 July
Parent ISIN Code GB00BDV0F150
Parent SEDOL Code B-DV0-F15
Strippable No (see Note 2)
Interest Payable Gross (see Note 3)
Next Interest Date 22 July 2014 (Standard Coupon)
“When Issued” Trading   under London Stock Exchange Rule 1530
Commences 3:30 pm London Time: 27 May 2014
Closes Close of business: 3 June 2014
“When issued” ISIN Code GB00BL0RV157
“When issued” SEDOL Code B-L0R-V15
TIDM (for trade reporting) AUCA


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 Tuesday, 3 June 2014.

Note 2. The Gilt may not be stripped and reconstituted until so specified in a notice issued by the DMO.

Note 3: 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 4: 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 10% 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.

Documentation
Prospectus

DMO : 27 May 2014

 

http://www.dmo.gov.uk/documentview.aspx?docName=/gilts/public/prospectus/prosp270514.pdf

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

DMO : August 2013

http://www.dmo.gov.uk/documentview.aspx?docName=/publications/operationalrules/infmemadd220813.pdf

Formulae for Calculating Gilt Prices from Yields

DMO : 16 March 2005

www.dmo.gov.uk/documentview.aspx?docname=/giltsmarket/formulae/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 are acting on behalf of the DMO, at the following address: PO Box 2411, The Pavilions, Bristol, BS99 6WX to arrive not later than 10.00 am on Tuesday, 3 June 2014. 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 Tuesday, 3 June 2014.

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 2014-15

Gilt sales of £127.2 billion (cash) are planned in 2014-15




UK Debt Management Office

Source: UK Debt Management Office


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Business Wire (UK Regulatory)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters