Gilt buyers and banks tout 30 year syndications for UK

By Craig McGlashan
22 May 2014

The UK is likely to syndicate a new 30 year conventional bond in June, after finding overwhelming support for the tenor from investors and banks this week. An inflation linker of similar tenor could follow in the second quarter of its financial year, after the idea drew similar interest.

Gilt market makers and investors met with the UK’s Debt Management Office on Monday to discuss its next syndications, with most members of both groups suggesting 2045 would be the sweet spot for a new 30 year conventional bond, although there was also interest in re-opening the UK’s ...

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