News Release
UK Government Euro and ECU Treasury Bills

04 August 1998

The Bank of England today announced the issue by Her Majesty's Treasury of E 300 million nominal of UK Government Euro Treasury Bills and ECU 700 million nominal of UK Government ECU Treasury Bills, for tender on a bid-yield basis on Tuesday, 11 August 1998 in the following maturities:

ECU 200 million for maturity on 10 September 1998,
ECU 500 million for maturity on 12 November 1998 and
Euro 300 million for maturity on 11 February 1999.

An additional Euro 50 million nominal of six-month Bills, maturing on 11 February 1999, 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.

Statistics showing the turnover of UK Government Euro and ECU Treasury Bills by market makers in July 1998 are attached.