UK slices £900m from target, selects next syndication
The UK Debt Management Office has tweaked its funding target for the 2017-18 financial year, cutting its planned Gilt sales by £900m to £114.2bn. The sovereign has also picked a bond for its next syndication.
Sales of short conventional, medium conventional, long conventional and index-linked Gilts all fall by £200m, to £27.2bn, £22.0bn, £32.1bn and £26.4bn, respectively. The DMO’s unallocated portion of Gilt sales, which can be assigned to other portions depending on demand, falls by £100m to £6.5bn.The DMO will make ...
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