UK Debt Management Office UK Regulatory Announcement: Issue of Debt





The Minster Building

21 Mincing Lane





Tel 020 7862 6500



2 June 2021





Auction Details

Auction Date

Wednesday, 9 June 2021

Issue and Settlement Date

Thursday, 10 June 2021

Bidding Convention

Uniform Price (see Note 1)

Index adjusted accrued interest payable with bid

£0.046563851489 per £100 nominal

Auction Open

9:00am London Time

Auction Close

10:00am London Time

Post Auction Option Facility Open

12:30pm London Time

Post Auction Option Facility Close

1:00pm London Time

Details of Security


0⅛% Index-linked Treasury Gilt 2031

Amount (nominal) for auction

£1,000 million (fungible with previous issues) (see Note 5)

Nominal outstanding after auction

£4,028.9 million (£4,091.5 million Index adjusted)

Maturity Date

10 August 2031

Interest Payment Dates

10 February and 10 August





Reference Index applicable to first issue date

293.60323 (as at 28 January 2021) (see Note 4)

Index Ratio at 10 June 2021


Interest Payable

Gross (see Note 2)

Next Interest Payment Date

10 August 2021 (Long First Coupon) (see Note 3)

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. Index-linked Gilt-edged Market Makers may bid by means of the Bloomberg Bond Auction System to the DMO not earlier than 9.00 am on Wednesday, 9 June 2021 and not later than 10.00 am on Wednesday, 9 June 2021.

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: Actual amount of interest per £100 nominal will be (1+(13/184)) x £0.0625 x Index Ratio for 10 August 2021 and expressed as a percentage in pounds sterling to six places of decimals and rounded to the nearest figure.

Note 4: The Reference Index for the first calendar day of any calendar month shall be the Retail Price Index figure for the calendar month falling three calendar months earlier. The Reference Index for any other day in the month shall be calculated by linear interpolation between the Reference Index applicable to the first calendar day of the month in which the day falls and the Reference Index applicable to the first calendar day of the month immediately following. Interpolated values for the Reference Index for any date should be rounded to the nearest 5th decimal place.

Note 5: 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 25% 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 as supplemented by the prospectus.

Applications from Members of the Approved Group of Investors

For this auction applications may not be made by members of the Approved Group.

Category Code: IOD

Sequence Number: 738525

Time of Receipt (offset from UTC): 20210602T153835+0100