Reference Gilt definition

Reference Gilt means the Treasury Stock specified as such in the relevant Final Terms for so long as such stock is in issue, and thereafter such issue of index-linked Treasury Stock determined to be appropriate by a gilt-edged market maker or other adviser selected by the Issuer and approved by the Bond Trustee (an “Indexation Adviser”).

Reference Gilt means the index-linked Treasury Stock/Treasury Gilt specified as such in the relevant Final Terms for so long as such gilt is in issue, and thereafter such issue of index-linked Treasury Stock/Treasury Gilt determined to be appropriate by an Indexation Adviser; and

Reference Gilt means the index-linked Treasury Stock or Treasury Gilt specified as such in the applicable Final Terms for so long as such gilt is in issue, and thereafter such issue of index-linked Treasury Stock or Treasury Gilt determined to be appropriate by a gilt-edged market maker or other adviser selected by the Issuer (an “Indexation Adviser”).

Examples of Reference Gilt in a sentence

• Index Ratio applicable to any month means the Index Figure applicable to such divided by the Base Index Figure and rounded to the nearest fifth decimal place; and Reference Gilt means the 2.5 per cent.

• Where RPI is specified in the relevant Final Terms as the Index and if notice is published by Her Majesty’s Treasury, or on its behalf, following a change to the coverage or the basic calculation of such Index, then the MTN Calculation Agent shall make any such adjustments to the Index consistent with any adjustments made to the index as applied to the Reference Gilt.

• Base Index Figure means (subject to paragraph (c) below) 234.4 (i.e the figure applicable to April 2011, being the month falling 8 months prior to December 2011); Index or Index Figure means, subject as provided in paragraph (c) below, the U.K. Retail Price Index (RPI) (for all items) published by the Office for National Statistics (January 1987 = 100) or any comparable index which may replace the U.K. Retail Price Index for the purpose of calculating the amount payable on repayment of the Reference Gilt.

• Where RPI is specified in the relevant Final Terms as the Index and if notice is published by Her Majesty’s Treasury, or on its behalf, following a change to the coverage or the basic calculation of such Index, then the Calculation Agent shall make any such adjustments to the Index consistent with any adjustments made to the index as applied to the Reference Gilt.

• The rate of interest on the Canada Life Loan is the percentage rate per annum which is the aggregate of (a) the margin (as defined below); and (b) the Reference Gilt Rate (both as defined in the Canada Life Loan Facility) (the “Interest Rate”).

More Definitions of Reference Gilt

Reference Gilt means the Treasury Stock specified in the applicable Final Terms (or, if such stock is not in existence, such other index- linked stock issued by or on behalf of HM Government as the relevant Issuer, on the advice of the Expert, may consider to be the most appropriate reference government stock for the Index Linked Notes); and

Reference Gilt means the 1.75 per cent Treasury Stock due July 2057 or such other conventional (i.e. not index linked) UK Government Stock as the Issuer (with the advice of an independent financial institution of international repute appointed by the Issuer) may determine to be the most appropriate benchmark conventional UK Government Stock.

Reference Gilt as used in these Conditions means the Sterling obligation of the United Kingdom Government listed on the official list (the "Official List") of the United Kingdom Financial Conduct Authority (in its capacity as United Kingdom competent authority for the purposes of Directive 2003/71/EC (as amended or superseded) and relevant implementing measures in the United Kingdom (the "FCA")) and traded on the Regulated Market of the London Stock Exchange plc (the "London Stock Exchange") whose duration most closely matches that of the Notes to the Reference Gilt Reference Date on the Determination Date, as the Calculation Agent shall determine to be appropriate or where the Calculation Agent advises the Trustee that for reasons of illiquidity or otherwise, such Sterling obligation is not appropriate for such purpose, such other Sterling obligation of the United Kingdom Government as the Calculation Agent shall recommend;

Reference Gilt means the 4.750% United Kingdom Gilt Treasury Stock due December 7, 2030 with ISIN GB00B24FF097.

Reference Gilt as used in these Conditions means:

Reference Gilt means the 4.125 per cent. Index-Linked Treasury Stock due 2030 for so long as such stock is in issue, and thereafter such Sterling obligation of the United Kingdom Government listed on the Official List maintained by the Financial Services Authority in its capacity as the UK Listing Authority and traded on the London Stock Exchange's market for listed securities whose duration most closely matches that of the Bonds on the date which is two business days prior to the date specified for redemption in any notice given by the Issuer as the Trustee may from time to time determine to be appropriate on the advice of a gilt-edged market maker or other adviser selected by the Issuer and approved by the Trustee or, in the event that the Issuer fails to appoint such person within a reasonable period of time, such person as the Trustee in its sole discretion may determine to be the most appropriate (an "Indexation Adviser"), and for which purpose duration is calculated on the basis of the formula set out on page 119 of The Handbook of Fixed Income Securities Second Edition 1987, published by Dow Jones-Irwin.

Reference Gilt means the Treasury Stock specified as such in the relevant Final Terms for so long as such stock is in issue, and thereafter such issue of index-linked Treasury Stock determined to be appropriate by a gilt-edged market maker or other adviser selected by the Relevant Issuer and approved by the Note Trustee (an Indexation Adviser).