Interactive Investor

3 Months UK Treasury Bill Maturing on 27-Aug-2024 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 £2 billion of 3 Months Treasury Bill Maturing on 27-Aug-2024 (the "UKTB").

  • To achieve a successful allocation of UKTBs in the auction process, we submitted a bid taking account of the prevailing market conditions at the time, the yields accepted on the previous week's auction and the yields in the broader Gilts and money-markets.

  • Our accepted bid of 5.07% means the issue price paid was 98.752 pence per each £1 nominal.

  • Applicants will receive approximately 99.4% of the amount they applied for rounded down to the nearest penny.

  • The allocation of UKTBs and uninvested cash is being credited to accounts today (Friday 24 May 2024). Confirmation of allocations will be sent once the UKTBs and refunds are showing on accounts.

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Key information

Issue price (per UKTB):98.752 pence per each £1 nominal
Minimum investment:£1,000 (multiples of £100 thereafter)
Maximum investment:No maximum
Annualised yield:5.07%
Maturity date:27 August 2024

Expected timetable

Offer open:20 May 2024
Offer close:23 May 2024 (3.30pm)
Price confirmation:24 May 2024 (11am)
Issue date of the UKTB:28 May 2024

The key dates for the offer are indicative only and subject to change without notice.

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, M3 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.