FTSE Russell trims nominal amount of 2028 gilt in UK bond indices
FTSE Russell says the 4 3/8% Treasury Gilt 2028 stays in its UK gilt indices, with its nominal value edging lower from 21 October 2026, per Reuters.
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what happened
FTSE Russell said that, following an announcement from the UK Debt Management Office, the 4 3/8% Treasury Gilt 2028 (ISIN GB00BSQNRC93) will remain in the FTSE Actuaries UK Conventional Gilts indices. Its nominal amount in the up to 5 years index will fall from £47,199.189 million to £47,199.093 million. The change takes effect from 21 October 2026.
The gilt also stays in the All Stocks index and in the up to 10, 15 and 20 years indices. The notice was published through the London Stock Exchange's RNS service and distributed by Reuters.
why it matters
For markets this is a technical adjustment: the reduction is about £96 million, a small fraction of the issue, so it is unlikely to noticeably affect gilt prices. Such notices matter mainly for funds that track these indices and need to recalculate bond weightings.
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sources
- REG - FTSE Russell - 4 3/8% Treasury Gilt 2028 — Reuters, 19 October 2026 at 15:33 UTC
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