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FQ2 operations calendar (Jul-Sep) (1/2)

GILTS
  • Syndications: No real new information other than a firming of the date of the linker syndication to be the W/C 10 July 2023 (in line with our expectation of 11 July). The conventional syndication is still just stated for H1-Sep - we continue to pencil in 5 September.
  • Shorts: Two reopenings of each of the 3.50% Oct-25 gilt (one had been expected) and the Jun-28 gilt (GEMMs preferred two reopenings). There is no reopening of the 0.50% Jan-29 gilt (one had been expected).
  • Mediums: As expected: three reopenings of the 3.25% Jan-33 gilt, one of each of the 0.875% Jul-33 green gilt and the 3.75% Jan-38 gilt.

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