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UKDMO (T42A)

UKDMO

Issue of Debt

Issue of Debt

UK Debt Management Office

152/09       29 September 2009
DMO PRESS NOTICE
 

AUCTION OF BRITISH GOVERNMENT STOCK

Auction Details
Auction Date     Wednesday, 7 October 2009
Issue and Settlement Date Thursday, 8 October 2009
Bidding Convention Uniform Price (see Note 1)
Uplifted accrued interest payable with bid £0.129782 per £100 nominal
Auction Close 10:30am London Time
 
Details of Security
Title     0⅝% Index-linked Treasury Gilt 2042
Amount (nominal) for auction £750 million (fungible with previous issue) (see Note 5)
Nominal outstanding after auction £5,750 million (£5,781.5 million Index adjusted)
Maturity Date 22 November 2042
Interest Dates 22 May and 22 November
Parent ISIN Code

GB00B3MYD345

Parent SEDOL Code B-3MY-D34
Reference Index applicable to first issue date 212.46452 (as at 24 July 2009) (see Note 4)
Index Ratio at 8 October 2009 1.00547
Interest Payable Gross (see Note 2)
Next Interest Date 22 November 2009 (Short First Coupon) (see Note 3)
 
“When Issued” Trading     under London Stock Exchange Rule 1530
Commences 3:30pm London Time: 29 September 2009
Closes Close of business: 7 October 2009
“When issued” ISIN Code GB00B4MPP386
“When issued” SEDOL Code B-4MP-P38
TIDM (for trade reporting) AUCC
 

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 later than 10.30 am on Wednesday, 7 October 2009.

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 ((121/184) x £0.3125) x Index Ratio for 22 November 2009 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 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 : 29 September 2009

http://www.dmo.gov.uk/documentview.aspx?docName=/gilts/public/prospectus/prosp290909b.pdf

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

DMO : May 2009

www.dmo.gov.uk/documentview.aspx?docname=publications/operationalrules/infmem220509.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 Wednesday, 7 October 2009. 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 Wednesday, 7 October 2009. The amount payable on application in the case of a non-competitive bid made by a member of the Approved Group is £111 per £100 nominal of the Gilt.

Remit 2009-10

Gilt sales of £220.0 billion (cash) are planned in 2009-10.

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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