UK Sovereign
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'Business as usual' for the sovereign's debt-raising despite change of government -
£110bn book proves ‘gradual but structural shift’ in demand to shorter tenors
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'Textbook execution' lands sovereign issuer 'blowout deal'
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The UK last syndicated a 10 year deal in May 2020
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Treasury chooses internal expert after competitive recruitment process
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Debt Management Office will have to shift issuance shorter as long end stalwarts retreat
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Investor orders came to 14 times the deal size
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New British Savings Bond will be delivered through National Savings and Investments
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Final syndication set for March and will be a linker
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Demand for long-dated SSA bonds surges as bets on spring cuts persist
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Meanwhile, French agency adds to sterling SSA issuance
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DMO's chief said there's no reason to be 'unduly concerned' as levels of government supply are high globally
