UK Sovereign

The UK Debt Management Office (DMO) raised £4bn through an index-linked syndication on Tuesday at ultra-low yields racing to yet another huge orderbook.

Scottish government bonds may struggle to attract international investors due to uncertainties around the future status of the country within the UK, a leading economist has warned.

Transport for London (TfL) was set to print its first bond since 2006 on Thursday afternoon — a £500m 30 year print that the issuer was able to increase from the original minimum size of £300m.

The UK Debt Management Office has hired four banks to run the syndication of an index-linked Gilt which is slated for next week.

The United Kingdom Debt Management Office (DMO) announced on Friday that it will issue a new syndicated index-linked gilt offering during the week commencing July 23. The deal will mature in 2044.

The UK will increase its planned sales of Gilts as a result of Tuesday’s revisions to the Office for Budget Responsibility’s Economic and fiscal outlook. As a result there will be two new auctions in December 2011 and January 2012.

The UK will not issue CPI-linked Gilts in 2012-13, it has announced. The decision comes after a consultation period which ran between June and September but the UK government has not ruled out such issuance in the future.

The UK Debt Management Office has mandated four banks for its new index-linked Gilt, which is scheduled to launch in the week of 21 November.

The UK Debt Management Office printed a £5bn tap of its 4% January 2060 notes on Tuesday afternoon. The leads, Barclays Capital, Deutsche Bank, Goldman Sachs and RBC, priced the deal at 0.75bp through the UK treasury 4.25% due December 2055.

The UK Debt Management Office has received over £9.5bn of orders for a £5bn tap of its 4% January 2060 Gilt which is set to price on Tuesday afternoon.