UK snags £6bn at 30 years

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By Lewis McLellan
27 Apr 2021

The UK Debt Management Office raised £6bn with its first syndication of the financial year. Although one investor said the spread was more generous than he expected, the trade drew praise for the smoothness of its execution.

The UK selected BarclaysGoldman Sachs, Lloyds, NatWest Markets and RBC Capital Markets to run the books for a July 2051 benchmark.

The spread was set at 1.5bp over the 0.625% October 2050 Gilt — the tight end of a quarter basis point range. The order book was £69bn, including ...

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