UK grabs £2.25bn as CDC makes sterling return

Pound Coins
By Burhan Khadbai
19 Nov 2019

The sterling public sector bond market was alive on Tuesday as the UK sold the penultimate syndication of its financial year and Caisse des Dépôts et Consignations returned to the currency for the first time since January 2018.

Leads BNP ParibasDeutsche BankHSBC and NatWest Markets opened books on the UK’s syndicated tap of its August 2041 index-linked Gilt on Wednesday morning with price guidance of 3.5bp-3.75bp over the March 2040 Gilt.

As the order book reached more than £17bn, the spread was set at the lower ...

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