I have been reading about UK Gilt and have some questions understanding it.
For instance, the TREASURY 3,3/4% 2019 Gilt has a coupon of 3.75%. The maturity date is September 7th 2019. Interest is paid half-yearly on 7 March and 7 September. The current buy price on Hargreaves Lansdown (HL) is £100.84.
Question 1: If I decide to buy the Gilt today with £100.84, does it mean on the maturity date I will receive the nominal price £100 plus my half year interest 100*3.75%/2 = £1.875 (Excluding the charges on HL)?
Question 2: On the Prospectus, it says "The amount payable on application in the case of a non-competitive bid is £104.50 per £100 nominal of the Gilt." How do I tell if the Gilt I bought is non-competitive or competitive bid?