The UK Debt Management Office (DMO) announced that it will conduct a one‑hour auction of £5 billion of 4⅝% Treasury Gilt 2030 on Thursday, 10 September. Bidding opens at 09:00 GMT and closes at 10:00 GMT, with settlement scheduled for 11 September.
The gilt carries a coupon of 4⅝% payable on 22 May and 22 November each year and will mature at par on 22 May 2030. The issue’s ISIN is GB00BWBR1P52, and the nominal amount outstanding after the auction will be £5 billion. The next coupon payment, due on 22 November, is set at £0.904891 per £100 nominal, reflecting a short first coupon.
Bids will be submitted on a fully‑paid basis, with both competitive and non‑competitive bids accepted. Gilt‑edged market makers may place bids through the Bloomberg Bond Auction System during the auction window. An additional post‑auction option facility allows participants to request up to 25% of the nominal amount allocated in the primary auction, with submissions accepted between 12:30 p.m. and 1:00 p.m. GMT on the auction day.
When‑issued trading under London Stock Exchange Rule 1530 will commence at 15:30 GMT on the day of publication and close at the end of business on 10 September. Members of the Approved Group of Investors are excluded from bidding. Interest will be paid gross, though holders may elect to have UK income tax deducted at the registrar.
