By Laura Contemori – ROME (Econostream) – The UK Debt Management Office (DMO) announced a £4 billion auction of the 4⅛% Treasury Gilt 2033 to be held on May 27, with settlement scheduled for May 28.

The reopening auction will be conducted on a fully paid bid price basis. The gilt matures on March 7, 2033 at par.

The issue will bring the nominal amount outstanding of the line to £20.84 billion after the auction.

The DMO said the auction would be eligible for a post-auction option facility of up to an additional 25% of the amount allotted at the auction.