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UKDMO (DMO)

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Friday 19 September, 2008

UKDMO

Issue of Debt

UK Debt Management Office
                  

USE OF THE DMO'S STANDING REPO FACILITY 19 SEPTEMBER 2008

A further £275 million (nominal) of 4% Treasury Stock 2009 has today been
created and made available to the market under the terms of the DMO's standing
repo facility, which was introduced on the 1 June 2000, and revised with effect
from 1 April 2008. It is intended that this additional stock will be cancelled
upon return, but the DMO will make an announcement at that time. The DMO has
been given general collateral at the Bank of England's Official Bank Rate
against the stock it has lent at Bank Rate less 300 bps.

The additional £275 million of stock created this morning is NOT eligible for
inclusion in FTSE indices calculations and the amount in issue following
cancellation of this stock will remain at £17,141 million nominal. (end)