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DMO FQ3 operations calendar (3/3): Shorts / Mediums

GILTS

4 Short-dated auctions:

  • 3.50% Oct-25 gilt: 2 auctions on 4 October and 29 November. MNI had expected 1-2 reopenings.
  • 4.50% Jun-28 gilt: 2 auctions on 1 November and 12 December. MNI had expected 2 reopenings.

4 Medium-dated auctions:

  • New Jan-34 gilt: 2 auctions (MNI had expected 2-3 while GEMMs/investors had favoured 2): Launch on 11 October and reopen on 7 November. Maturity date confirmed for 31 January 2034 with a short first coupon. ISIN will be GB00BPJJKN53.
  • 0.875% Jul-33 Green gilt: 1 auction as expected on 6 December.
  • 3.75% Jan-38 gilt: 1 auction (in line with GEMMs recommendations) to be held on 25 October.

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