News Release
Bank of England Euro Bills and UK Government Euro Treasury Bills

03 August 1999

1.The Bank of England today announced the issue of h800 million nominal of Bank of England Euro Bills and the issue by Her Majesty's Treasury of h200 million nominal of UK Government Euro Treasury Bills, for auction on a bid-yield basis on Tuesday, 10 August 1999 in the following maturities:

h200 million of UK Government Euro Treasury Bills for maturity on 16 September 1999,

h500 million of Bank of England Euro Bills for maturity on 11 November 1999 and

h300 million of Bank of England Euro Bills for maturity on 10 February 2000.

2.An additional h50 million nominal of six-month Bank of England Euro Bills, maturing on 10 February 2000, will be allotted directly to the Bank of England. A copy of the auction notice published by the Bank is attached.

3.Statistics showing the turnover of Bank of England Euro Bills and UK Government Euro Treasury Bills and by market makers in July 1999 are attached.