News Release
Bank of England Euro Bills

4 January 2005

The Bank of England today announced the issue of €900 million nominal of Bank of England Euro Bills, for auction on a bid-yield basis on Tuesday, 11 January 2005, in the following maturities:

€600 million for maturity on 14 April 2005 and
€300 million for maturity on 14 July 2005.

An additional €50 million nominal of six-month Bills, maturing on 14 July 2005, will be allotted directly to the Bank of England. A copy of the auction notice published by the Bank (Appendix 1) is attached.

The auction arrangements and further details are set out in the Bank of England Euro Bill Information Memorandum of 6 January 2004.