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ADJUSTMENT TO THE DMO'S GILT SALES PROGRAMME.....>

UK
UK: ADJUSTMENT TO THE DMO'S GILT SALES PROGRAMME IN 2019-20:
- Planned gilt sales in 2019-20 are rising by Stg14.0 billion, taking total
planned sales to Stg136.8 billion. In addition, Treasury bill sales for debt
financing purposes are rising by Stg2.0 billion, taking their net contribution
to financing in 2019-20 to Stg6.0 billion.
- The DMO's net financing requirement in 2019-20 has therefore risen by Stg16.0
billion to Stg142.8 billion compared with the interim adjustment published on 12
November 2019.
- Planned sales of short conventional gilts are rising by Stg7.25 billion to
Stg42.84 billion, planned sales of medium conventional gilts are rising by
Stg6.25 billion to Stg33.75 billion and the size of the remaining unallocated
portion of issuance is being increased by Stg0.50 billion to Stg1.25 billion.
- Four additional conventional gilt auctions (two each of short and medium
conventional gilts) are planned for: 28 January 2020 (medium), 20 February 2020
(short), 10 March 2020 (medium), 19 March 2020 (short).

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