UK Sovereign
-
The People’s Bank of China priced its first offshore renminbi bond late on October 20, raising Rmb5bn ($788m) in a deal widely hailed as an important milestone in the internationalisation of Chinese capital markets. -
The UK Debt Management Office built its largest ever order book for a syndicated bond on Tuesday, when it printed a deal with the longest duration in its conventional Gilt portfolio.
-
The People’s Bank of China (“PBoC”) has opened books to its debut one year offshore central bank note in the Asia morning at 3.30% area on October 20.
-
With China’s President Xi Jinping due to arrive on Monday for his first state visit to the UK, the People’s Bank of China (“PBoC”) decided to launched its debut CNH central bank note in London on the same day, mandating HSBC and ICBC as joint global co-ordinators.
-
The UK Debt Management Office has named banks for its latest 50 year syndicated bond.
-
The UK Debt Management Office is lining up a new 40 year syndicated bond for later this month.
-
Two debut renminbi bond offerings are expected to price in the next two weeks ahead China’s President Xi Jinping’s visit to the UK later this month. While The People’s Bank of China (PBoC) is aiming to offer its first overseas RMB central bank note on October 20, China Construction Bank (CCB) is to bring the UK market the first CNH offering issued by its head office on October 12, several sources have told GlobalRMB.
-
The UK Debt Management Office was this week able to print an increase of its 2068 linker at the tight end of guidance.
-
-
The UK Debt Management Office has hired four banks to run an upcoming syndication of its 2068 inflation linked bond.
-
The UK Debt Management Office plans to reopen an ultra-long index-linker in the second half of September. The deal will be the sovereign’s third syndication of its financial year.
-
Since March 2009 Britain’s benchmark official rate has been 0.5% — the lowest rate in the Bank of England’s 320 year history, its long term average being about 4.5%. But recently BoE's governor Mark Carney speculated that it will begin to rise from the end of the year to around 2%, possibly heralding the end of the era of cheap money.
