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#1 The 0.125% Aug-28...........>

GILT AUCTION PREVIEW
GILT AUCTION PREVIEW: #1 The 0.125% Aug-28 index-linked gilt will be on offer
for GBP1.25bln this morning.
- The last auction of this gilt was only three weeks ago which was for a
slightly smaller GBP1.20bln but saw the full GBP300mln taken up in the PAOF. The
auction was strong with a bid-to-cover ratio of 3.38x and a yield of -2.509%.
RESULTS: Auction results will be released shortly after the auction closes at
10:00BST with a further GBP312.5mln nominal available through the PAOF to
successful bidders.

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