News Press Releases

Issue of Debt

June 9, 2016

Issue of Debt

DMO-TAS031/1840/004

Eastcheap Court

11 Philpot Lane

London

EC3M 8UD

T 020 7862 6500

F 020 7862 6509

www.dmo.gov.uk

9 June 2016

PRESS NOTICE

RESULT OF THE SALE BY AUCTION OF £900 MILLION OF 0 1/8% INDEX-LINKED TREASURY GILT 2036

The United Kingdom Debt Management Office ("DMO") announces that the auction of £900 million of 0 1/8% Index-Linked Treasury Gilt 2036 has been allocated as follows:

(Note: all prices in this notice are quoted in pounds and pence)

1.

All bids which have been accepted at the striking price have been allotted 99.9440% of the amount bid for.

Competitive bids made at prices above the striking price have been allotted in full. Competitive bids made at prices below the striking price have been rejected.

Real Clean Price

Inflation-adjusted Clean Price*

Real Yield

2.

Striking Price

£124.932

£125.494194

-0.974%

3.

The total amounts allotted and bids received were as follows:

Amount allotted to bids

£764.986

million

Amount allotted to non-competitive bids

Gilt-edged Market Makers

£135.000

million

Others

£0.014

million

£900.000

million

Total bids received

£1,572.014

million

Times Covered

1.75

times

4.

An additional amount of the Stock totalling up to £135.000 million will be made available to successful bidders for purchase at the non-competitive allotment price, in accordance with the terms of the Information Memorandum.

5.

Cheques may be presented for payment. Refund cheques, where appropriate, will be sent as soon as possible by post. Stock allotted to members of CREST will be credited to their accounts by member-to-member deliveries on the relevant settlement date if they so requested.

*The Inflation-adjusted clean price has been calculated using an index ratio of 1.00450 and should not be rounded. It is displayed to 6dp for illustrative purposes only.