9th Jan 2018 11:12
United Kingdom Debt Management Office
| DMO-TAS041/2061/003 | ||||||||
| Eastcheap Court 11 Philpot Lane London EC3M 8UD | T 020 7862 6500 F 020 7862 6509
www.dmo.gov.uk | |||||||
|
| 9 January 2018 | ||||||||||||||||||||
| PRESS NOTICE | |||||||||||||||||||||
| RESULT OF THE SALE BY AUCTION OF £2250 MILLION OF 1¼% TREASURY GILT 2027
The United Kingdom Debt Management Office ("DMO") announces that the auction of £2,250 million of 1¼% Treasury Gilt 2027 (ISIN Code: GB00BDRHNP05) 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 93.9272% 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 | £99.683 | 1.285% | |||||||||||||||||||
| Non-competitive allotment price (i.e. the rounded average accepted price) | £99.663 | 1.288% | |||||||||||||||||||
| Lowest Accepted | £99.655 | 1.289% | |||||||||||||||||||
| Tail in basis points | 0.1* | ||||||||||||||||||||
| 3. | The total amounts allotted and bids received were as follows: | ||||||||||||||||||||
| Amount allotted to competitive bids | £1,912.388 million | ||||||||||||||||||||
| Amount allotted to non-competitive bids | |||||||||||||||||||||
| Gilt-edged market makers | £337.600 million | ||||||||||||||||||||
| Others | £0.012 million | ||||||||||||||||||||
| Total | £2,250.000 million | ||||||||||||||||||||
| Total bids received | £5,359.611 million | ||||||||||||||||||||
| Times covered | 2.38 times | ||||||||||||||||||||
| 4. | An additional amount of the Stock totalling up to £337.500 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. | Cheques may be presented for payment. Refund cheques, where appropriate, will be sent as soon as possible by post. Stock allotted to members of CREST will be credited to their accounts by member-to-member deliveries on the relevant settlement date if they so requested. | ||||||||||||||||||||
| \* 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. | |||||||||||||||||||||
View source version on businesswire.com: http://www.businesswire.com/news/home/20180109005899/en/
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