UK DMO sets out £118bn funding stall

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By Mike Turner
13 Mar 2019

The UK Debt Management Office (DMO) is forecasting £118.1bn of financing needs for 2019 to 2020, with almost 20% of that to come through syndicated bond sales.

Announcing its financing plans alongside the UK chancellor’s spring budget statement, the DMO said it plans to print £21bn of debt through syndicated deals — equal to 18.4% of its requirements.

Of this, £13bn will be from long conventional Gilts in three deals and £8bn of index-linked Gilts in ...

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