UK DMO hauls in £4.75bn

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The UK Debt Management Office (DMO) started its 2019/20 funding year with a bang on Tuesday, selling a six and a half times subscribed issue.

By Frank Jackman
14 May 2019

The DMO appointed Citi, NatWest Markets, Santander and HSBC joint bookrunners for this syndicated trade earlier this month. The £4.75bn 1.625% October 2054 note was issued at 100.607.

“Throughout the process the DMO was highly receptive to the thoughts of investors,” said a banker ...

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