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New 4.25% Jul-34 gilt: Priced

GILT SYNDICATION
  • Reoffer: 99.233 to yield 4.3434%
  • Spread set at 4.625% Jan-34 Gilt + 4.0bps (guidance was + 4.0/+4.5 bps)
  • HR: 102% vs 4.625% Jan-34 Gilt (GB00BPJJKN53). Ref 102.510
  • Size: GBP11bln (MNI had expected GBP8.5-10.0bln or slightly higher)
  • Books closed in excess of GBP110bln (inc JLM interest of GBP9bln)
  • Maturity: 31-July-2034
  • Settlement Date: 12-Jun-2024 (T+1)
  • Coupon: 4.25% SA, ACT/ACT, long 1st to 31-Jan-2025
  • ISIN: GB00BQC82C90
  • Joint Leads: BARC / CITI / DB / LLOYDS / NATWEST (B&D/DM) / RBC CM
  • Timing: TOE 12:42BST, FTT immediately
From DMO / market source

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