UK Sovereign

The UK Debt Management Office has announced which banks will run its next planned syndication — which includes a rare name on a UK mandate.

A deputy head of funding at a supranational issuer is set to take up a new position at a sovereign debt management office.

The UK Debt Management Office has announced the tenor and timing details of its first syndicated bond of the 2015-16 financial year.

200 years might have passed since Napoleon was defeated at Waterloo. But some things in war — and finance — do not change, such as the absolute importance of being ahead of the game. Nathan Rothschild cleaned up on the Gilt market thanks to his rapid, reliable, and finely honed communications system that brought him news of Wellington's victory ahead of anyone else in Westminster and the City.

The UK Debt Management Office is planning to launch a trio of syndicated Gilts — including a pair of index-linkers — during the summer, it announced on Friday.

Market makers and investors have asked the UK’s Debt Management Office to look far along the curve for its next syndication.

Market makers and investors have asked the UK’s Debt Management Office to look far along the curve for its next syndication.

A weekend has passed since the UK’s general election, allowing time for investors to digest last Thursday’s surprising result. The victory confounded opinion polls, which had suggested another hung parliament. This uncertainty leading up to the election resulted in an increased level of volatility in the markets.

Traders say they are optimistic that approaching Greece debt talks and the iTraxx index May options expiring next week will help return direction to the credit market, which has been locked in the thrall of the Bund blowout since the end of April.

A sense of relief was palpable across the City on Friday after UK elections delivered a majority for one party — rather than the political deadlock that looked almost certain before the results came in.

The sterling market, so often a safe haven for issuers and investors at times of trouble in Europe, has its own set of problems to deal with, namely the uncertainty caused by the likely political deadlock following the UK general election.

The UK Debt Management Office will raise slightly less than expected this financial year, after the country’s government changed its cash requirement.