UK raises £8bn with first 15 year syndication

By Frank Jackman
08 Sep 2020

The UK Debt Management Office raised £8bn ($10.24bn) with its first 15 year syndication on Tuesday morning, the first of two Gilt syndications it will hold during September.

Leads Bank of America, Citi, JP Morgan, Lloyds Bank and RBC Capital Markets opened the books on the 0.625% July 2035 deal with initial price guidance of 13bp to 13.5bp over the 4.5% September 2034 Gilt.

After 45 minutes, the order book had ...

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