Eos Energy stock falls after Fuzzy Panda issues short report
LONDON - The UK Debt Management Office (DMO) announced Tuesday it will auction £5 billion of 4% Treasury Gilt 2029 on November 4, with settlement scheduled for the following day.
The auction will take place between 9:00 am and 10:00 am London time, according to the press release statement. The gilt will be fungible with a previous issue, bringing the total nominal outstanding after the auction to £10.37 billion.
The Treasury Gilt carries a 4% coupon rate with interest payment dates on May 22 and November 22. The security will mature at par on May 22, 2029, and the next interest payment date is set for May 22, 2026, with a payment of £2.48 per £100 nominal.
Bids for the auction may be submitted on either a competitive or non-competitive basis. Gilt-edged Market Makers can place bids through the Bloomberg Bond Auction System.
The auction will include a Post Auction Option Facility allowing for an additional amount of the gilt equivalent to 25% of the nominal amount allocated at the auction.
The DMO noted that the gilt is not currently strippable, meaning it cannot be separated into principal and interest components until specified in a future notice.
The announcement comes as part of the UK government’s ongoing debt management operations for the 2025-26 financial year. Information about the progress of gilt sales in the current financial year is available on the DMO website.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.