News Release
4 1/8% Index-Linked Treasury Stock 2030
12 December 1996
In accordance with the terms of the prospectus dated 12 June 1992, the Bank of England announces that the rate of interest payable on the above stock for the interest payment due on 22 July 1997 will be £2.3495 per £100 nominal of stock.
Notes to Editors
The relevant paragraphs of the notice in lieu of prospectus are as follows:-
| 10 | For the purposes of this notice, the Index figure applicable to any month will be the Index figure issued seven months prior to the relevant month and relating to the month before that prior month; "month" means calendar month; and the Index ratio applicable to any month will be equal to the Index figure applicable to that month divided by the Index figure applicable to June 1992. |
| 13 | Each subsequent half-yearly interest payment will be at a rate, per £100 nominal of Stock, of £2.0625 multiplied by the Index ratio applicable to the month in which the payment falls due. |
| 14 | The rate of interest for each interest payment other than the first, expressed as a percentage in pounds sterling to four places of decimals rounded to the nearest figure below, will be announced by the Bank of England not later than the business day immediately preceding the date of the previous interest payment. |
