News Release
UK Government ECU Treasury Bills
3 September 1996
1 The Bank of England today announced the issue by Her Majesty's Treasury of ECU 1,000 million nominal of UK Government ECU Treasury Bills, for tender on a bid- yield basis on Tuesday, 10 September 1996 in the following maturities: ECU 200 million for maturity on 10 October 1996 ECU 500 million for maturity on 12 December 1996 and ECU 300 million for maturity on 13 March 1997.
An additional ECU 50 million nominal of six-month Bills, maturing on 13 March 1997, will be allotted directly to the Bank of England for the account of the Exchange Equalisation Account. A copy of the tender notice published by the Bank is attached.
2 Statistics showing turnover of UK Government ECU Treasury Bills by market makers in August 1996 are attached.
