6 Month UK Treasury Bill launch maturing 2 June 2025
Applications closed
Important Information - Capital is not guaranteed. Investing in Treasury Bills 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 29 November 2024
UK Treasury Bills are issued by the UK Government. They differ from conventional UK gilts in that they have a 0% coupon rate and maturities are very short dated: 1 month, 3 months and 6 months.
Treasury bills are designed to be held until maturity. This means that once you’ve invested your money, it’s locked in for the duration of the term.
Learn more about Treasury Bills
Pricing and allocations
Unlike Corporate Bond or Gilt new issues, Treasury Bills are not launched at £100 per Bill (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 price and allocation you receive will be confirmed by Secure Message on Friday 29 November.
When will I receive my units?
Your new units will be credited to your account on Monday 2 December. This may be delayed in the event the market counterparty does not delivery your units to us by this time.
Interest and maturity
Unlike gilts, Treasury Bills do not pay a coupon. Instead, the investment return comes solely from the difference between the issue price (typically less than £100), and the redemption price the Government pays back (£100).
The 6 Month UK Treasury Bill will be redeemed on 2 June 2025.
Expected timetable
| Applications close: | 3pm 28 November 2024 |
| Allocations and price confirmed: | 29 November 2024 |
| Admission: | 2 December 2024 |
This is the expected timetable. Applications may close early without prior warning
Key documents
View the DMO information memorandum
View our offer terms and conditions
The publication of the information memorandum on our website is not an endorsement of the 6 Month UK Treasury Bill maturing 2 June 2025. Hargreaves Lansdown has not authorised or approved the information memorandum, as such we are unable to guarantee their accuracy. We are using the information memorandum 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.
The following charges are based on an investment of £5,000 within a Stocks and Shares ISA over 6 months assuming 0% growth rate. Holders should also get income from the Treasury Bill, 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.
£11.22
£0.00
The following charges are based on an investment of £5,000 within a Stocks and Shares ISA over 6 months assuming a 0% growth rate.
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Total | ||
|---|---|---|---|---|---|---|---|---|
| HL Charges | £1.87 | £1.87 | £1.87 | £1.87 | £1.87 | £1.87 | £11.22 | |
| HL management charge | 0.22% | £1.87 | £1.87 | £1.87 | £1.87 | £1.87 | £1.87 | £11.22 |
| Exit dealing charges | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | |
| Investment charges | £0.00 | £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 | £0.00 |
| Ongoing charge | 0% | £0.00 | £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 | £0.00 | |
| Incidental charges | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | |
| Total charges over 6 months | £1.87 | £1.87 | £1.87 | £1.87 | £1.87 | £1.87 | £11.22 | |
| Average monthly charge | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.22% | |
| Illustrative 6 month value | £4,998.13 | £4,996.26 | £4,994.39 | £4,992.52 | £4,990.65 | £4,988.78 | £4,988.78 | |
| Illustrative 6 month value with no charges applied | £5,000.00 | £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.