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4.375% Jul-54 gilt tap: Allocations

GILT SYNDICATION
  • Size set earlier: GBP6.75bln (larger than the GBP4.75-6.00bln MNI expected)
  • Books closed in excess of GBP91bln (inc GBP5.8bln JLM interest)
  • Spread set earlier at 3.75% Oct-53 gilt +1.75bp (Guidance was: +1.75/+2 bps)
  • HR 109 % vs 3.75% Oct-53 gilt (GB00BPCJD997)
  • Expected Settlement Date: 25-Apr-2024 (T+1)
  • ISIN: GB00BPSNBB36
  • Joint Leads: BNPP/GSIB/HSBC/MS(B&D/DM)/UBS
  • Timing: Hedge deadline: 12:15BST
From market source
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  • Size set earlier: GBP6.75bln (larger than the GBP4.75-6.00bln MNI expected)
  • Books closed in excess of GBP91bln (inc GBP5.8bln JLM interest)
  • Spread set earlier at 3.75% Oct-53 gilt +1.75bp (Guidance was: +1.75/+2 bps)
  • HR 109 % vs 3.75% Oct-53 gilt (GB00BPCJD997)
  • Expected Settlement Date: 25-Apr-2024 (T+1)
  • ISIN: GB00BPSNBB36
  • Joint Leads: BNPP/GSIB/HSBC/MS(B&D/DM)/UBS
  • Timing: Hedge deadline: 12:15BST
From market source