News Release
UK Government Euro and ECU Treasury Bills

06 October 1998

1. The Bank of England today announced the issue by Her Majesty's Treasury of Euro 800 million nominal of UK Government Euro Treasury Bills and ECU 200 million nominal of UK Government ECU Treasury Bills, for tender on a bid-yield basis on Tuesday, 13 October 1998 in the following maturities:

ECU 200 million for maturity on 12 November 1998,
Euro 500 million for maturity on 14 January 1999 and
Euro 300 million for maturity on 15 April 1999.

An additional Euro 50 million nominal of six-month Bills, maturing on 15 April 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.

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