UK Sovereign
-
-
Shift to shorter Gilts as UK gets ready to borrow £304bn in 2025-26
-
Borrowing task is second largest ever after Covid response
-
The sovereign has raised more than £59bn from syndications in this financial year
-
◆ Fair value calcs far from straightforward ◆ Largest book for index-linked Gilt offering ◆ Less index-linked issuance in 2025-26?
-
Other markets overshadow labelled public sector issuance in sterling
-
Choice of 10 year tenor key to success, says DMO
-
◆ Record book and deal size ◆ Investor demand 'at odds' with media headlines ◆ Key BoE actor clears up position
-
DMO has two more syndications left for this financial year
-
◆ Size on upper end of DMO's expectations ◆ Minimal new issue premium ◆ Gilt to be auctioned next month
-
Vacancy filled following Jessica Pulay's promotion to be chief last year
-
◆ Gilts rocked on macro fears but sterling bond issuance booms ◆ Just how much of a basket case is the UK anyway? ◆ Debt-for-nature swaps blossom