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Issuance concludes for the.....>

GILT AUCTION PREVIEW
GILT AUCTION PREVIEW: Issuance concludes for the week today with the 0.125%
Mar-29 index-linked gilt on offer for GBP1.10bln nominal will be on offer
(around GBP1.36bln nominal including inflation uplift).
- The 0.125% Mar-29 linker has not been sold since January 2014. The 0.125%
Aug-28 linker has been issued twice so far this fiscal year and has seen decent
demand with bid-to-covers of 2.77x and 3.38x with full proceeds taken up in the
PAOF.
- Today's auction marks the first ever time that the DMO has auctioned five
gilts in the same week. Although there have been weeks of much heavier volumes
of issuance already this fiscal year (weeks with syndications in particular).
RESULTS: Auction results will be released shortly after the auction closes at
10:00BST with a further GBP275mln nominal available through the PAOF to
successful bidders.

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