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MNI UK Issuance: DMO FQ4 (Jan-Mar) Ops Update

  • In this document we set review the DMO’s latest issuance operations update. See the end of the document for a table-pack including the updated issuance calendar, a list of all gilts in issue (and how much is owned by the market and BOE), previous issuance profiles and details of the BOE sales operations.
  • There was only one very minor surprise in the DMO's FQ4 operations - there will be no reopening via auction of the new 30-year gilt (due to be launched via syndication in January).
  • But we will see an auction of the 30-year 4.00% Oct-63 - the longest maturity gilt auction since 2021. We had thought we may have seen this via a tender rather than an auction.
For the full document see:

MNI_UK_Auction_Calendar_Update_2023_11_30.pdf

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