4.375% Treasury Gilt 2040 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 syndicated launch of £8.0 billion of 4.375% Treasury Gilt 2040 (the "Gilt").
The price has been set at 100.351 pence per each £1 nominal, equating to a gross redemption yield of 4.3438%.
Applicants will receive approximately 43.9% of the amount they applied for rounded down to the nearest penny.
The allocation of the Gilt and uninvested cash will be credited to accounts today (Tuesday 3 September 2024). Confirmation of allocations will be sent once the Gilt and refunds are showing on accounts.
Please note the allocation policy was set by the DMO and not Interactive Investor.
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Key information
| Issue price (per Gilt): | 100.351 pence* |
| Minimum investment: | £1,000 (multiples of £100 thereafter) |
| Maximum investment: | £500,000 |
| Interest rate: | 4.375% |
| Maturity date: | 31 January 2040 |
* The price paid per £1 nominal was calculated after the order book closed and set at 12.17pm on Tuesday 3 September 2024.
Expected timetable
| Offer open: | 27 August 2024 |
| Offer close: | 2 September 2024 (3pm) |
| Price confirmation: | 3 September 2024 |
| Issue date of the Gilt: | 3 September 2024 |
| First day of trading: | 4 September 2024 |
The key dates for the offer are indicative only and subject to change without notice.
Offer documents
Offer announcements
This announcement is an advertisement and not a prospectus. For syndicated launches the DMO chooses to publish the deal prospectus on the syndication day. The base prospectus (called the Information Memorandum) governs the DMO's bond issuance, including this new gilt. Copies of the Prospectus are published on the DMO website www.dmo.gov.uk.
If you are in any doubt about the contents of this document or the Prospectus, you should consult your accountant, legal or professional adviser or financial adviser.
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.