4.375% Treasury Gilt 2028 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 sale by auction of £4 billion of 4.375% Treasury Gilt 2028 (the "Gilt").
The price has been set at 99.629 pence per each £1 nominal, equating to a gross redemption yield of 4.499%.
Applications have been met in full, meaning customers will receive 100% of the amount they applied for rounded down to the nearest whole unit.
The allocation of the Gilt and uninvested cash will be credited to accounts today (Wednesday 13Â November 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 DMO and not Interactive Investor.
Read more:
Offer period
- The Offer Period for applications in the new 4.375% Treasury Gilt 2028Â closed at 2.30pm on Tuesday 12Â November 2024.
Trading starts
- Admission and unconditional dealing in the new gilt is expected to commence at 8am on Thursday 14Â November 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 BSQNRC9.
- If you buy or sell the 4.375% Treasury Gilt 2028 after admission the relevant trading fee will apply.
Key information
| Issue price (per Gilt): | 99.629 pence* |
| Minimum investment: | £1,000 (multiples of £100 thereafter) |
| Maximum investment: | £1,000,000 |
| Interest rate: | 4.375% |
| Maturity date: | 7 March 2028 |
* The price paid per £1 nominal was the non-competitive allotment price, announced after the auction on Wednesday 13 November 2024.
Expected timetable
| Offer open: | 6 November 2024 |
| Offer close: | 12 November 2024 (2.30pm) |
| Price confirmation: | 13 November 2024 (10am) |
| Issue date of the Gilt: | 14 November 2024 |
| First day of trading: | 14 November 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. Investors should not purchase any securities referred to in this announcement except on the basis of information contained in the prospectus ("Prospectus") published by the Debt Management Office in connection with the offer of securities. 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.