LONDON – The UK Debt Management Office (DMO) announced it will auction £1.5 billion of the 0¾% Index-linked Treasury Gilt 2033 on Tuesday, 10 December 2024. This auction is part of the government’s financing strategy and follows a pre-determined schedule for gilt issuance.

The index-linked gilt, with a maturity date of 22 November 2033, will have an index ratio of 1.04577 at the settlement date on Wednesday, 11 December 2024. The amount of interest payable is calculated based on the Retail Prices Index and is expressed as a gross figure. Interest payments for this gilt are due semi-annually on 22 May and 22 November, with the next payment scheduled for 22 May 2025.

Bidding will open at 9:00 am and close at 10:00 am London time on the auction date. The DMO has also provided for a post-auction option facility, which will be open from 12:30 pm to 1:00 pm on the auction day, allowing for an additional amount of gilt equivalent to 25% of the nominal amount allocated at the auction to be purchased.

Prospective bidders can find the prospectus for the auction on the DMO’s Gilt Market Publications webpage. Furthermore, the DMO has updated the table showing the progress of gilt sales for the current financial year, which is available in the ‘Responsibilities – Financing Remit’ section of the DMO website.

This press release statement from the UK Debt Management Office serves as the source for the auction details.

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