UK plans long Gilt as Brexit brushed off

By Craig McGlashan
30 Mar 2017

The UK will run one syndicated bond issue in the first quarter of its 2017-18 financial year, as Gilts shrugged off the triggering of the country’s journey towards the European Union exit and a vote in the Scottish Parliament calling for a second independence referendum.

On Wednesday, the UK government formally invoked Article 50 of the Lisbon Treaty, which starts the two year negotiating period to leave the EU. But Gilts were unaffected.

“Most of it was priced in already,” said a head of SSA DCM. “We haven’t seen many actions from investors. ...

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