Treasury 5.375% 2056 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 Tuesday 20 May
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 negotiations between syndicate members and prospective investors on Tuesday 20 May. The issue price and allocation you receive will be confirmed via Secure Message on Tuesday 20 May.
When will I receive my units?
Your new units will be credited to your account on Wednesday 21 May. This may be delayed in the event the market counterparty does not deliver your units to us by this time.
Interest and maturity
Interest on the gilt will be payable half-yearly on 31 January and 31 July. Interest will accrue from Wednesday 21 May 2025, the first issue date of the gilt, and the first short interest payment will be paid on 31 July 2025.
The Treasury 5.375% 2056 gilt will be redeemed at par on 31 January 2056.
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
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 | £22.00 | £111.03 |
| Exit dealing charges | £0.00 | £0.00 | £0.00 | £0.00 | £11.95 | £11.95 | |
| Total charges over 5 years | £22.41 | £22.31 | £22.21 | £22.11 | £33.95 | £122.98 | |
| Average annual charge | 0.45% | 0.45% | 0.45% | 0.45% | 0.69% | 0.50% | |
| Illustrative 5 year value | £4,977.59 | £4,955.29 | £4,933.08 | £4,910.97 | £4,877.01 | £4,877.01 | |
| 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.
Total HL charges and 5 Year HL charges also include an £11.95 exit dealing charge.
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 close: | 3:30pm Monday 19 May 2025 |
| Allocations and price confirmed: | Tuesday 20 May 2025 |
| Admission: | Wednesday 21 May 2025 |
This is the expected timetable. Applications may close early without warning.
Key documents
View DMO Information Memorandum
The publication of the Information Memorandum and the Press Notice on our website is not an endorsement of the Treasury 5.375% 2056 gilt launch. Hargreaves Lansdown has not authorised or approved the Information Memorandum or the Press Notice, as such we are unable to guarantee their accuracy.
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 5.375% 2056 gilt units once they are listed on the exchange