1½% Green Gilt 2053

Bond pricer · ISIN GB00BM8Z2V59 · report 30 Oct 2026

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How to read this gilt

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Clean price is what the gilt costs before the interest already earned; dirty price adds that accrued interest and is the figure you actually pay. Accrued runs from the last coupon on an actual/actual day count, so it resets on the coupon date.

Gross redemption yield is the yield to maturity on the DMO's semi-annual convention — the number every gilt table quotes. Net figures deduct income tax at each band from the coupons and leave the capital gain alone, because gilts are CGT-exempt; the tax-equivalent column is what a taxable deposit would need to match.

An index-linked gilt's real figures come from the DMO's index ratio, and its nominal figures are that ratio applied to the real ones — so they move with published inflation rather than a forecast.

Prices

Bid price (clean)
£42.22
Offer price (clean)
£42.54
Mid price (clean)
£42.38
Bid price (dirty)
£42.61
Offer price (dirty)
£42.93
Mid price (dirty)
£42.77

Settlement

Settlement date
2026-11-02
Days accrued
94
Accrued interest
£0.383

Key metrics

Gross yield (annual-compounded)
5.82%
DMO gross yield (semi-annual)
5.74%
Net yield at 40% tax (annual-compounded)
4.77%
Running yield
3.54%
Modified duration
18.18
Macaulay duration
19.24
Benchmark yield (continuously compounded annual)
5.78%
Vs fitted curve
−12 bp
Reference yield (convention not recorded)
—
Tenor band
20Y+

Report vs live

live
Figure Report 30 Oct 2026 Live 02 Nov 2026, 12:20 GMT
Mid price (clean) £42.38 £42.54
Accrued interest £0.383 £0.387
Days accrued 94 95
Dirty price £42.76 £42.92
Gross yield 5.82% 5.80%
DMO gross yield (semi-annual) 5.74% 5.72%
Modified duration 18.18 18.20
Settlement 2026-11-02 2026-11-03

Prices: Hargreaves Lansdown (delayed/indicative) — the live column is a complete valuation from that capture, on the capture's own settlement; the report column is the published close.

Bond details

Ticker
TG53
ISIN
GB00BM8Z2V59
Coupon
1.500%
Type
Conventional
Matures
31 Jul 2053
First issued
2021-10-22
Next ex-dividend
2027-01-21
Next coupon
2027-01-31
Previous coupon
2026-07-31
Category
Long
Amount in issue (£m)
30428

Net redemption yield by tax band

Income tax band Net redemption yield (annually compounded) Tax-equivalent yield (annually compounded)
0% 5.82% 5.82%
20% 5.29% 6.61%
22% 5.24% 6.71%
40% 4.77% 7.95%
42% 4.72% 8.13%
45% 4.64% 8.43%
47% 4.59% 8.65%
48% 4.56% 8.77%