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FQ2 Operations: Longs

GILTS

Long-dated auctions (4 auctions):

  • 4.75% Oct-43: 2 auction (we had looked for 1-2): 9 April, 21 May
  • 1.50% Jul-53 green gilt: 1 auction (as expected): 8 May
  • 4.375% Jul-54 gilt: We had pencilled in 1 auction, but this will not be held, with the DMO preferring just to hold the syndication.
  • 4.00% Oct-63 gilt: 1 auction (as expected): 4 June
  • 1.125% Oct-73 gilt: No mention of this gilt. We hadn't expected a full auction but still think there is potential for a tender of this gilt in the upcoming quarters.
Long syndication
  • Confirmed for W/C 22 April as expected.
  • The 30-year 4.375% Jul-54 was also confirmed, as expected.

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