LONDON – The UK’s Debt Management Office (DMO) has announced that it will sell £1.5 billion of 0¾% Index-linked Treasury Gilt 2033 on Tuesday, 10 December 2024. The sale is part of the government’s funding strategy and follows predetermined schedule. gilt release.
The gilt-linked gilt, with a maturity date of 22 November 2033, will have an index rate of 1.04577 on the payment date of Wednesday, 11 December 2024. The amount of interest payable is calculated based on the Retail Prices Index and is expressed as a negative figure. Interest payments on this gilt will be paid annually on 22 May and 22 November, with the next payment scheduled for 22 May 2025.
Bidding will open at 9:00 am and close at 10:00 am London time on the day of the auction. The DMO has also provided for a post-auction selection facility, which will be open from 12:30 pm to 1:00 pm on the day of the auction, which will allow an additional amount of gold equal to 25% of the estimated amount reserved for the auction to be purchased.
Prospective bidders can find the auction prospectus on the DMO’s Gilt Market Publications webpage. In addition, the DMO has updated a table showing the progress of gilt sales this financial year, which is available in the ‘Commitments – Disbursements’ section of the DMO website.
This press release from the UK’s Debt Office serves as a source of information for the auction.
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