4.25% Treasury Gilt 2034 New Issue
This offer is now closed for applications through interactive investor
Result of Offer
The United Kingdom Debt Management Office (DMO) has confirmed the result of the syndicated launch of £11.0 billion of 4.25% Treasury Gilt 2034 (the "Gilt").
The price has been set at 99.233 pence per each £1 nominal, equating to a gross redemption yield of 4.3434%.
Applicants will receive approximately 71.9% of the amount they applied for rounded down to the nearest penny.
The allocation of the Gilt and uninvested cash will be credited to accounts today (Tuesday 11 June 2024). Confirmation of allocations will be sent once the Gilt and refunds are showing on accounts.
Please note the allocation policy was set by the DMOÂ and not Interactive Investor.
Read more:
Offer period
- The Offer Period for applications in the new 4.25% Treasury Gilt 2034 closed at 3pm on Monday 10 June 2024.
Trading starts
- Admission and unconditional dealing in the new gilt is expected to commence at 8am on Wednesday 12 June 2024. There is no conditional dealing period.
- When admitted to trading, the new gilt will be registered with SEDOL (Stock Exchange Daily Official List) number BQC82C9.
- If you buy or sell the 4.25% Treasury Gilt 2034 after admission the relevant trading fee will apply.
Key information
| Issue price (per £1 nominal): | 99.233 pence* |
| Minimum investment: | £1,000 (multiples of £100 thereafter) |
| Maximum investment: | £500,000 |
| Interest rate: | 4.25% |
| Maturity date: | 31 July 2034 |
* The price paid per £1 nominal was calculated after the order book closed and set at 12.42pm on Tuesday 11 June 2024.
Expected timetable
| Offer open: | 4 June 2024 |
| Offer close: | 10 June 2024 (3pm) |
| Price confirmation: | 11 June 2024 |
| Issue date of the Gilt: | 11 June 2024 |
| First day of trading: | 12 June 2024 |
The key dates for the offer are indicative only and subject to change without notice.
Offer documents
Offer announcements
This announcement is an advertisement and not a prospectus. For syndicated launches the DMO chooses to publish the deal prospectus on the syndication day. The base prospectus (called the Information Memorandum) governs the DMO's bond issuance, including this new gilt. Copies of the Prospectus are published on the DMO website www.dmo.gov.uk.
If you are in any doubt about the contents of this document or the Prospectus, you should consult your accountant, legal or professional adviser or financial adviser.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared by and is the sole responsibility of Interactive Investor Services Limited of 201 Deansgate, Manchester, M3Â 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.