LONDON–(BUSINESS WIRE)–
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The Minster Building 21 Mincing Lane London EC3R 7AG |
Tel 020 7862 6500
2 June 2021 |
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PRESS NOTICE
AUCTION OF BRITISH GOVERNMENT STOCK
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Auction Details |
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Auction Date |
Wednesday, 9 June 2021 |
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Issue and Settlement Date |
Thursday, 10 June 2021 |
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Bidding Convention |
Uniform Price (see Note 1) |
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Index adjusted accrued interest payable with bid |
£0.046563851489 per £100 nominal |
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Auction Open |
9:00am London Time |
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Auction Close |
10:00am London Time |
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Post Auction Option Facility Open |
12:30pm London Time |
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Post Auction Option Facility Close |
1:00pm London Time |
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Details of Security |
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Title |
0⅛% Index-linked Treasury Gilt 2031 |
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Amount (nominal) for auction |
£1,000 million (fungible with previous issues) (see Note 5) |
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Nominal outstanding after auction |
£4,028.9 million (£4,091.5 million Index adjusted) |
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Maturity Date |
10 August 2031 |
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Interest Payment Dates |
10 February and 10 August |
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ISIN Code |
GB00BNNGP551 |
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SEDOL Code |
B-NNG-P55 |
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Reference Index applicable to first issue date |
293.60323 (as at 28 January 2021) (see Note 4) |
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Index Ratio at 10 June 2021 |
1.01552 |
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Interest Payable |
Gross (see Note 2) |
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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