April 24, 2024 10:52 GMT
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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