Issue of Debt
January 27 2009 - 9:51AM
UK Regulatory
TIDMAUC
United Kingdom Eastcheap Court
Debt 11 Philpot Lane
Management London EC3M 8UD
Office
Tel. 0845 357 6500
Fax. 0845 357 6509
14/09 27 January 2009
PRESS NOTICE
AUCTION OF UK GOVERNMENT SECURITY (GILT)
Auction Details
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Auction Date Wednesday, 4 February 2009
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Issue and Settlement Date Thursday, 5 February 2009
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Bidding Convention Fully paid Bid Price (see Note 1)
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Accrued Interest payable with bid GBP0.700549 per GBP100 nominal
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Auction Close 10:30am London Time
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Details of Security
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Title 4�% Treasury Gilt 2049
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Amount (nominal) GBP2,000 million (fungible with previous issues)
for issue
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Nominal outstanding GBP10,063 million
after issue
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Maturity Date 7 December 2049 at par
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Interest Dates 7 June - 7 December
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Parent ISIN Code GB00B39R3707
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Parent SEDOL Code B-39R-370
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Strippable Yes, since 3 December 2008
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Interest Payable Gross (see Note 2)
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Next Interest Date 7 June 2009 (Standard Coupon)
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"When Issued" Trading under London Stock Exchange Rule 1530
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Commences 3:30pm London Time: 27 January 2009
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Closes Close of business: 4 February 2009
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"When issued" ISIN Code GB00B3KJB609
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"When issued" SEDOL Code B-3KJ-B60
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TIDM (for trade reporting) AUC
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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 Wednesday, 4 February 2009.
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.
Documentation
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Prospectus www.dmo.gov.uk/documentview.aspx?docName=/gilts/public/prospectus/prosp270109b.pdf
DMO : 27
January
2009
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Information www.dmo.gov.uk/documentview.aspx?docname=publications/operationalrules/infmem200807.pdf
Memorandum
relating
to the
Issue,
Stripping
and
Reconstitution
of
British
Government
Stock
DMO
: August
2007
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Formulae www.dmo.gov.uk/documentview.aspx?docname=/giltsmarket/formulae/yldeqns.pdf
for
Calculating
Gilt
Prices
from
Yields
DMO : 16
March
2005
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Applications from Members of the Approved Group of Investors
Application forms from Approved Group members must be sent to Computershare Investor Services PLC, who are acting on behalf of the DMO, at the following address: PO Box 2411, The Pavilions, Bristol, BS99 6WX to arrive not later than 10.00 am on Wednesday, 4 February 2009. 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 Wednesday, 4 February 2009.
The amount payable on application in the case of a non-competitive bid made by a member of the Approved Group is GBP99 per GBP100 nominal of the Gilt.
Remit 2008-09
Gilt sales of GBP146.4 billion (cash) are planned in 2008-09.
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