Issue of Debt

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Issue of Debt

Business Wire

Wed, February 18, 2026 at 1:37 AM GMT+9 3 min read

LONDON, February 17, 2026–(BUSINESS WIRE)–

The Minster Building 21 Mincing Lane London EC3R 7AG Tel 020 7862 6500 www.dmo.gov.uk 17 February 2026
PRESS NOTICE

AUCTION OF BRITISH GOVERNMENT STOCK

Auction Details
Auction Date Tuesday, 24 February 2026
Issue and Settlement Date Wednesday, 25 February 2026
Bidding Convention Fully paid Bid Price (see Note 1)
Accrued Interest payable with bid £1.344613259669 per £100 nominal
Auction Open 9:00am London Time
Auction Close 10:00am London Time
Post Auction Option Facility Open 12:30pm London Time
Post Auction Option Facility Close 1:00pm London Time
Details of Security
Title 4⅛% Treasury Gilt 2033
Amount (nominal) for auction £3,000 million (fungible with previous issues) (see Note 3)
Nominal outstanding after auction £11,708.7 million
Maturity Date 7 March 2033 at par
Interest Payment Dates 7 March and 7 September
ISIN Code GB00BVP99780
SEDOL Code B-VP9-978
Strippable No (see Note 4)
Interest Payable Gross (see Note 2)
Next Interest Payment Date 7 March 2026 - £1.458564 per £100 nominal (Short First Coupon)

Note 1: Bids may be made on either a competitive or a non‑competitive basis. Details of the bidding procedures are set out in the prospectus and in the Information Memorandum. Gilt‑edged Market Makers may bid by means of the Bloomberg Bond Auction System to the DMO not earlier than 9.00 am on Tuesday, 24 February 2026 and not later than 10.00 am on Tuesday, 24 February 2026.

Note 2: Holders may elect to have United Kingdom income tax deducted from interest payments, should they so wish, on application to the Registrar, Computershare Investor Services PLC.

Note 3: Subject to the provisions of the Information Memorandum, this auction will be eligible for the Post Auction Option Facility of an additional amount of the Gilt equivalent to 25% of the nominal amount of the Gilt allocated at the auction. Details of the Post Auction Option Facility procedures are set out in the Information Memorandum as supplemented by the prospectus.

Note 4: The Gilt may not be stripped and reconstituted until so specified in a notice issued by the DMO.

Documentation
Prospectus for auction of £3,000 million of 4⅛% Treasury Gilt 2033 DMO : 17 February 2026 Available on the DMO’s Gilt Market Publications webpage at: https://www.dmo.gov.uk/publications/
Information Memorandum relating to the Issue, Stripping and Reconstitution of British Government Stock DMO : 1 April 2025 https://www.dmo.gov.uk/media/yf2fyxfz/infmemadd010425_2.pdf
Formulae for Calculating Gilt Prices from Yields DMO : 18 December 2024 https://www.dmo.gov.uk/media/334d05fo/yldeqns_v4.pdf

Applications from Members of the Approved Group of Investors

For this auction applications may not be made by members of the Approved Group.

Story Continues  

Gilt sales in 2025-26

A table showing the progress of gilt sales in the current financial year is published in the ‘Responsibilities – Financing Remit’ section of the DMO website at: https://www.dmo.gov.uk/dmo_static_reports/currentremit.pdf. The table is updated after the conclusion of every gilt sales operation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260217163968/en/

Contacts

UK Debt Management Office

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