Gilt Market - Debt Management Office

Since April 1998 gilts have been issued by the DMO on behalf of HM Treasury. The DMO took over gilt issuance from the Bank of England, following the transfer of responsibility for setting …

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FAQs about Gilt Market - Debt Management Office Coupon?

Where are gilts issued?

Primary Market: This is where gilts are initially issued. The UK Debt Management Office (DMO) is responsible for issuing gilts on behalf of the government. The DMO conducts auctions and syndications to sell gilts to institutional investors, such as banks, insurance companies, and pension funds. ...

Who is responsible for issuance of gilts?

Since April 1998 gilts have been issued by the DMO on behalf of HM Treasury. The DMO took over gilt issuance from the Bank of England, following the transfer of responsibility for setting interest rates from HM Treasury to the Bank in May 1997. The following pages provide information on the gilt market. ...

What is a gilt & how does it work?

Gilts are UK Government securities issued by HM Treasury. Since April 1998 gilts have been issued by the DMO on behalf of HM Treasury. The DMO took over gilt issuance from the Bank of England, following the transfer of responsibility for setting interest rates from HM Treasury to the Bank in May 1997. ...

Where can I find a selection of gilts?

Further information may be found at the Debt Management Office website. A selection of gilts is also available for trading on the Order book for Retail Bonds (ORB). Gilts are sterling-denominated UK Government bonds, issued by HM Treasury and listed on London Stock Exchange. ...

What is a gilt in banking?

Gilts are the bonds issued by the Government of the U.K. with the intention of raising funds for public expenditure. The debt securities are particularly listed on the London Stock Exchange and issued by His or Her Majesty's treasury and the Bank of England (LSE). The phrase is also used in other Commonwealth countries like South Africa or India. ...

How do I buy gilts?

In order to purchase gilts using the Purchase and Sale Service provided by Computershare Investor Services, as agent for the UK Debt Management Office (DMO), you will need to be accepted into the DMO’s Approved Group of Investors, which is only available to UK residents. ...