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DMO Raises GBP6.1bln Cash From Linker Sale

GILT SYNDICATION

DMO writes that atpricing of 152.293 and real gross redemption yield of -2.2448%, today's GBP4.0bln Mar-39 linker sale via syndication will raise approximately GBP6.1bln in cash proceeds, taking linker sales this FY to GBP8.9bln.

  • The UK domestic market was responsible for 91% of the allocation.
  • DMO Chief Exec Stheeman noted this was " the largest single index-linked gilt supply event (in nominal terms) since July 2014 and this transaction also represents the largest ever index-linked syndication in cash terms."

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