§ Mr. Tim Smith
To ask the Chancellor of the Exchequer when 15½ per cent. Treasury loan 1998 was first issued; how much was issued; at what price; how much is now outstanding; and what is the highest coupon gilt issued.
§ Mr. Lilley
15½ per cent. Treasury loan 1998 was first issued on 14 October 1976 and the original amount was £600 million nominal. The issue price was £96. There is currently £1,100 million nominal outstanding. The highest coupon gilt ever issued and the highest coupon currently outstanding are 15½ per cent.