UK 4.625% Green Gilt 2037 | New Issue
Applications Open
Offer Closes: 8am Tuesday 10 March
Important Information - Capital is not guaranteed. 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.
About UK 4.625% Green Gilt 2037
Green Gilts are government bonds issued by the Debt Management Office on behalf of the UK government to finance projects that have positive environmental impacts. They were first launched in September 2021 as part of the UK’s broader strategy to support its transition to a low-carbon, net-zero economy.
Like conventional UK government bonds (Gilts), Green Gilts pay investors a fixed rate of interest and return the principal at maturity. The key difference is that the money raised is specifically allocated to eligible green expenditures. These can include renewable energy development, energy efficiency improvements, clean transportation, pollution prevention, biodiversity protection, and climate change adaptation measures.
To ensure transparency, the government publishes allocation and impact reports showing how the funds are used and the environmental benefits achieved. In this way, UK Green Gilts allow investors to earn stable, government-backed returns while directly supporting environmentally sustainable projects.
Expected Timetable
Applications may close early and without prior warning.
Applications Close: 8am Tuesday 10 March
Allocation Confirmed: Tuesday 10 March
Gilts credited to your account: Wednesday 11 March
Admission: Wednesday 11 March
Maturity: 7 March 2037
Offer Details
Investing in the UK 4.625% Green Gilt 2037 isn't right for everyone. You should only invest if the Gilt's objectives align with your own, and there's a specific need for this type of investment within your portfolio.
It's also important not to put all your eggs in one basket. Spreading your money, diversifying, gives you access to more opportunities and can reduce risk by investing in more individual areas or markets. Find out more about diversification.
Open to UK investors located and resident in the UK
Issue price: The price will be confirmed after applications close
Minimum investment: £1,000 (increments of £100 thereafter)
Coupon: 4.625%
Coupon Payment Frequency: Semi-Annual with a short first coupon payed on 7 September 2026
Maturity date: 7 March 2037
Applications close: 8am Tuesday 10 March
Ready to apply?
Make sure you've read these key documents.
Important Information
The offer is only open to individuals who are physically located in the United Kingdom, Jersey, Guernsey and the Isle of Man.
We will accept your application on the basis of information in the DMO Offering Memorandum, DMO Press Notice and HL Gilt Offer Terms & Conditions.
The price of the Gilt may go up and down. If sell before the maturity date, you may get back less than you invest.
Please make sure you have read and understood the key documents before you invest. If you are unsure whether an investment is suitable for you please seek Financial Advice.
You may not receive the full amount that you have applied for as the Issuer may scale back the applications if the offer is oversubscribed.
Unlike Corporate Bond Issues, you will not know the price (typically £100 per Bond) when making an application. The price will be negotiated between syndicate members and prospective investors on Tuesday 10 March 2026. The final price received may be above £100 per Gilt or £1 per unit.
Costs & Charges
The following charges are based on an investment of £5,000 within a Fund and Share account over 5 years assuming 0% annual growth rate.
Please note that Coupon payments received from this Green Gilt have not been included in the illustrative 5 year value.
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
| HL charges | £17.44 | £17.38 | £17.32 | £17.26 | £24.15 | £93.56 |
| Management charge | £17.44 | £17.38 | £17.32 | £17.26 | £17.20 | £86.61 |
| Entry dealing charge | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Exit dealing charges | £0.00 | £0.00 | £0.00 | £0.00 | £6.95 | £6.95 |
| Investment charges | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Stamp duty (N/A) | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Total charges over 5 years | £17.44 | £17.38 | £17.32 | £17.26 | £24.15 | £93.56 |
| Average annual charge | 0.35% | 0.35% | 0.35% | 0.35% | 0.49% | 0.38% |
| Illustrative 5 year value | £4,982.56 | £4,965.17 | £4,947.85 | £4,930.59 | £4,906.44 | £4,906.44 |
| 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.