UK Debt Management Office UK Regulatory Announcement: Issue of Debt – Business Wire

LONDON–()– 
PRESS NOTICE
RESULT OF THE SALE BY AUCTION OF £1750 MILLION OF 1¼% TREASURY GILT 2051
The United Kingdom Debt Management Office (“DMO”) announces that the auction of £1,750 million of 1¼% Treasury Gilt 2051 (ISIN Code: GB00BLH38158) has been allocated as follows:
(Note: all prices in this notice are quoted in pounds and pence)
A07722
9 August 2022
T 020 7862 6500
F 020 7862 6509
www.dmo.gov.uk
The Minster Building
21 Mincing Lane
London
EC3R 7AG
DMO‑TAS041/2945/004
All bids which have been accepted at the lowest accepted price have been allotted 38.7500% of the amount bid for.
1.
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.
2.
The range of bids accepted was as follows:
Price
Yield
Highest Accepted
£76.915
2.354%
Non‑competitive allotment price
(i.e. the rounded average accepted price)
£76.804
2.360%
Lowest Accepted
£76.760
2.362%
Tail in basis points
0.2*
3.
Amount allotted to competitive bids
£1,487.499 million
Amount allotted to non‑competitive bids
Gilt‑edged market makers
£262.500 million
Others
£0.001 million
Total
£1,750.000 million
Total bids received
£4,411.500 million
Times covered
2.52 times
The total amounts allotted and bids received were as follows:
An additional amount of the Stock totalling up to £437.500 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.
4.
Stock allotted to members of CREST will be credited to their accounts by member‑to‑member deliveries on the relevant settlement date.
5.
*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.
UK Debt Management Office
UK Debt Management Office

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