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Tuesday 30 July, 2019


Issue of Debt

Issue of Debt

UK Debt Management Office






Eastcheap Court

11 Philpot Lane



Tel 020 7862 6500

Fax 020 7862 6509



30 July 2019



Auction Details

Auction Date

Tuesday, 6 August 2019

Issue and Settlement Date

Wednesday, 7 August 2019

Bidding Convention

Fully paid Bid Price (see Note 1)

Accrued Interest payable with bid

£0.059768 per £100 nominal

Auction Close

10:30am London Time

Details of Security


0⅝% Treasury Gilt 2025

Amount (nominal) for auction

£3,000 million (see Note 3)

Nominal outstanding after auction

£6,373.1 million

Maturity Date

7 June 2025 at par

Interest Dates

7 June and 7 December






From 7 August 2019 (see Note 4)

Interest Payable

Gross (see Note 2)

Next Interest Date

7 December 2019 - £0.268101 per £100 nominal
(Short First Coupon)

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. Gilt‑edged Market Makers may bid by means of the Bloomberg Bond Auction System to the DMO not later than 10.30 am on Tuesday, 6 August 2019.

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: 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 15% 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.

Note 4: Following the issue of this further amount of the Gilt, 0⅝% Treasury Gilt 2025 may be stripped and holdings of the Gilt reconstituted: the provisions relating to strips contained in the Information Memorandum will therefore apply. The SEDOL and ISIN codes for the new principal strip are B-K5H-1X5 and GB00BK5H1X54 respectively.



DMO : 30 July 2019

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

DMO : January 2017

Formulae for Calculating Gilt Prices from Yields

DMO : 16 March 2005

Applications from Members of the Approved Group of Investors

Application forms from Approved Group members must be sent to Computershare Investor Services PLC, who is acting on behalf of the DMO, at the following address: British Government Stocks (Gilts), Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS99 6ZW to arrive not later than 10.00 am on Tuesday, 6 August 2019. 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 Tuesday, 6 August 2019.

The amount payable on application in the case of a non-competitive bid made by a member of the Approved Group is £103 per £100 nominal of the Gilt.

Remit 2019-20

Gilt sales of £117.8 billion (cash) are planned in 2019-20

a d v e r t i s e m e n t