Treasury 4.375% 2028 Gilt Launch
Applications closed
Important Information - The value of investments will fall as well as rise, so you could get back less than you invest. Investing in gilts may not be suitable for all investors. You should carefully consider your investment objectives, financial situation, and risk tolerance before investing. It is recommended that you seek financial advice tailored to your specific circumstances if you are at all unsure.
The information on this website is provided for informational purposes only and does not constitute financial advice or an offer to sell or a solicitation to buy any securities. The information is believed to be accurate at the time it is posted, but we cannot guarantee its accuracy or completeness. We disclaim any liability for any errors or omissions in the information.
Allocations announced 13 November 2024
Pricing and allocations
Unlike corporate bond new issues, gilts are not launched at £100 per bond (or £1 per unit). The price is determined during a competitive auction process managed by the Debt Management Office (DMO) on behalf of HM Treasury. The average price and allocation you receive will be confirmed via secure message on Wednesday 13 November.
When will I receive my units?
Your new units will be credited to your account on Thursday 14 November. This may be delayed in the event the market counterparty does not deliver your units to us by this time.
How will the price be determined?
The price paid per unit will be the average accepted price during the auction.
Interest and maturity
Interest on the gilt will be payable half-yearly on 7 March and 7 September. Interest will accrue from 14 November, the first issue date of the gilt, and the first interest payment will be due on 7 March at a rate of £1.365677 per £100 nominal of the gilt.
Treasury 4.375% 2028 will be repaid at par on 7 March 2028.
The following charges are based on an investment of £5,000 within a Stocks and Shares ISA over 5 years assuming 0% growth rate. Holders should also get income from the gilt, on which there's no charge from HL and so isn't included in these figures. The income you’ll receive isn't guaranteed and you could get back less than you invest.
£122.98
£0.00
The following charges are based on an investment of £5,000 within a Stocks and Shares ISA over 5 years assuming a 0% growth rate.
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | ||
|---|---|---|---|---|---|---|---|
| HL Charges | £22.41 | £22.31 | £22.21 | £22.11 | £33.95 | £122.98 | |
| HL management charge | 0.45% | £22.41 | £22.31 | £22.21 | £22.11 | £22.01 | £111.03 |
| Investment charges | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | |
| Net initial charge | 0% | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Ongoing charge | 0% | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Transaction costs | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | |
| Incidental charges | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | |
| Total charges over 5 years | £22.41 | £22.31 | £22.21 | £22.11 | £22.01 | £111.03 | |
| Average annual charge | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% | |
| Illustrative 5 year value | £4,977.59 | £4,955.29 | £4,933.08 | £4,910.97 | £4,888.97 | £4,888.97 | |
| Illustrative 5 year value with no charges applied | £5,000.00 | £5,000.00 | £5,000.00 | £5,000.00 | £5,000.00 | £5,000.00 |
The costs and charges shown are for illustration purposes only based on the assumptions presented. Please refer to our tariff of charges before investing. Returns are not guaranteed.
Figures may not add up to the given total due to rounding.
This announcement has been prepared by and is the sole responsibility of Hargreaves Lansdown Asset Management of 1 College Square South, Anchor Road, Bristol, BS1 5HL which is an authorised person for the purposes of the Financial Services and Markets Act 2000.
Expected timetable
| Applications closed: | 3:30pm on 12 November 2024 |
| Allocations and price confirmed: | 13 November 2024 |
| Admission: | 14 November 2024 |
This is the expected timetable. Applications may close early without warning.
Key documents
View UK DMO Information Memorandum
The publication of the prospectus on our website is not an endorsement of the Treasury 4.375% 2028 gilt launch. Hargreaves Lansdown has not authorised or approved the prospectus, as such we are unable to guarantee its accuracy. We are using the prospectus with the consent of the Treasury.
What happens after you apply?
- You can view your application in the Pending Orders tab of your online account
- You can cancel your application at any time up to the point when the offer closes
- You will receive confirmation of your allocation by secure message
- You'll be able to buy and sell the Treasury 4.375% 2028 gilt units once they are listed on the exchange