HL announces new 4.125% gilt auction, closes (with them) 29 April 2024 ( oops!)

poseidon1

For those who have an interest in investing direct in new gilt auctions, see below received in my inbox today from HL. Also available on the Interactive Investors platform.


' The Treasury 4.125% 2029 is a new gilt launching today.

Applications are now open and you can invest online with HL.

Investing in gilts may not be suitable for all investors. You should carefully consider your investment objectives, financial situation, and risk tolerance before investing. It is recommended that you seek financial advice tailored to your specific circumstances if you’re unsure.

You can find all the information you need to decide whether to invest on our website.

This is not a personal recommendation to invest. Any application to participate in the offer can and will only be made on the basis of the Prospectus, together with any supplements thereto.'

eskbanker

HL announces new 4.125% gilt auction, closes (with them) 29 April 2023

Probably worth correcting that date in your thread title!

poseidon1

Quick update, successfully obtained a small allocation of the gilt at a small discount  (£15,087 nominal  at a cost of £15,000).

Bids were made for  £ 12 Billion against  £3 Billion issued. Appears small retail investors applications were met in full.

Currently trading at  £100.29  to buy ( small premium ), be interesting to see how the price  fares as and when B of E actually commences base  rate cuts and how deep and frequent those cuts transpire to be.

1st partial interest payment scheduled for 22 July, then every 6 months thereafter.