MPs scrutinise whether Gilt syndications are cost-effective

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By Burhan Khadbai
04 Dec 2020

The House of Commons' Treasury Select Committee has asked the UK Debt Management Office to answer a series of questions on its bond syndication programme, specifically on the pricing of its bonds and the fees it pays to bookrunners.

In an emailed letter sent last month to Sir Robert Stheeman, chief executive of the UK DMO, Mel Stride, chair of the Committee, said the questions were “part of the Committee’s ongoing scrutiny of the work of the DMO”, following the decision to reactivate its syndication programme ...

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