UK DMO celebrates 60th syndication with linker hit

By Frank Jackman
09 Jul 2019

The UK Debt Management Office (DMO) issued its 60th syndicated bond on Tuesday and signalled a “smooth” start to the second quarter of its 2019–20 financial year, as it printed an inflation-linked tap that was eight times oversubscribed.

“This was pretty straightforward for the UK DMO,” said a syndicate banker at one of the bookrunners — Goldman Sachs, JP Morgan, Nomura and UBS. “They run a very smooth process, and this was yet another good example of a strong transaction.”

On Tuesday morning, ...

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