Bank of England to issue Euro-Denominated 3-Year Notes

The Bank of England today announced arrangements for it to take over from HM Treasury as the issuer of 3-year euro Notes with effect from January 2001.
Published on 21 March 2000

The euro notes currently take the form of UK Government Euro Treasury Notes, issued by HM Treasury. The other main features of the Note programme, which will thereafter be known as the Bank of England Euro Note programme, will remain unchanged.

Further details will be announced, and a new Information Memorandum issued, prior to the first auction of Bank of England Euro Notes in January 2001. The proceeds from the issue of the Notes will be held on the Bank’s balance sheet as foreign currency assets.

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