News Release
UK Government ECU Treasury Notes
08 October 1996
1 The Bank of England announces the tender of ECU 500 million nominal of UK Government ECU Treasury Notes for maturity on 26 January 1999.
2 The tender, which will be on a bid-yield basis, will take place on Tuesday, 15 October 1996. The Notes will be fungible with the ECU 500 million of Notes sold by tender on 16 January 1996, the ECU 500 million of Notes sold by tender on 16 April 1996 and the ECU 500 million of Notes sold by tender on 16 July 1996. The Bank of England will add ECU 50 million to its holdings of Notes which may be made available for sale and repurchase operations with market makers, bringing the total available for this purpose to ECU 200 million. A copy of the tender notice published by the Bank is attached.
