The UK Debt Management Office will auction £4 billion of 4⅞% Treasury Gilt 2036 on Thursday, May 21.
The auction opens at 9:00am London time and closes at 10:00am on May 21. Settlement is on Friday, May 22.
The gilt matures on July 31, 2036 at par. It carries a 4⅞% coupon with interest payments on January 31 and July 31.
The next interest payment is on July 31, 2026. The auction amount is fungible with a previous issue.
Total nominal outstanding will reach £19 billion after the auction. The ISIN code is GB00BWBR1N39.
Bidding is on a fully paid basis. Both competitive and non-competitive bids are accepted.
A post-auction option facility is available from 12:30pm to 1:00pm for additional allocation.
The gilt cannot be stripped or reconstituted until further notice from the DMO.
