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What and how much cash?
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jamesd said:
Then there will be a gain or loss at redemption for that type of bond. Likely small but there.Given that Gilts are auctioned at issue, it is not possible to buy direct at the issue price.Not necessarily small, you can see the Average Accepted Price and Yield at Average Accepted Price at gilt auctions here: https://www.dmo.gov.uk/dmo_static_reports/Results of outright Gilt Auctions (D2.1A).pdfAs an example 1 5/8% Treasury Gilt 2071 AAP was £131.093 giving a Yield at AAP of 0.861% and therefore a significant loss at redemption (23.7%).0
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