News Release
UK Government ECU Treasury Bills: Announcement of Tender and Supplement to Information Memorandum
06 January 1998
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, 13 January 1998 in the following maturities:
ECU 200 million for maturity on 12 February 1998,
ECU 500 million for maturity on 16 April 1998 and
ECU 300 million for maturity on 16 July 1998.
An additional ECU 50 million nominal of six-month Bills, maturing on 16 July 1998, 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 and statistics showing the turnover of UK Government ECU Treasury Bills by market makers in December 1997 are attached.
In addition, the Bank of England has today issued the attached supplement to the Information Memorandum for the UK Government ECU Treasury Bill programme. The supplement comprises:
- a schedule of the dates on which tenders will be held during 1998;
- a revised list of market makers, which includes the addition
of two firms to the list:
Abbey National Treasury Services plc,
Halifax plc
Notes for Editors
The programme of issues by tender of UK Government ECU Treasury Bills has now been running for just over nine years. Tenders are held monthly; the first took place in October 1988. The size and maturity of issues are normally announced a week before tenders are held.
UK Government ECU Treasury Bills are similar in form to sterling Treasury Bills, but denominated and payable in ECU both on subscription and at maturity. The arrangements for the programme are described in an Information Memorandum issued on 28 March 1989 and subsequent supplements.
Key Resources
 |
Tender Notice Download PDF |
|
Statistics showing the turnover of UK Government
ECU Treasury Bills by market makers in December 1997 Download PDF |
|
Schedule of the dates on which tenders will
be held during 1998 Download PDF |
|
Revised list of market makers, which includes
the addition of two firms to the list: Download PDF |
