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GILT SYNDICATION: 1.25% Nov-54 I/L gilt: Priced (more details)

GILT SYNDICATION
CEEMEABulletUKMarketsFixed Income Bullets
  • Reoffer: 92.388 to yield 1.5692%)
  • Spread set earlier: 1.25% Nov-55 (GB00B0CNHZ09) +4.00bps (guidance was +4.00/+4.25 bps)
  • Tap Size: GBP4.25bln (prior GBP8.50bln o/s).
  • MNI expected GBP4.0-4.5bln transaction, so this is the middle of our expected range.
  • Books closed in excess of GBP65bln (inc GBP4.25bln JLM interest) - similar level to July tap.
  • HR 49% vs 1.25% Nov-55 (GB00B0CNHZ09). Spot ref 93.130.
  • Settlement Date: 27-Nov-2024 (T+1)
  • ISIN: GB00BPSNBG80
  • Joint Leads: Barclays, BofA Securities (B&D/DM), Citi and NWM
  • Timing: TOE 12:20GMT, FTT immediately
From market source / DMO
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  • Reoffer: 92.388 to yield 1.5692%)
  • Spread set earlier: 1.25% Nov-55 (GB00B0CNHZ09) +4.00bps (guidance was +4.00/+4.25 bps)
  • Tap Size: GBP4.25bln (prior GBP8.50bln o/s).
  • MNI expected GBP4.0-4.5bln transaction, so this is the middle of our expected range.
  • Books closed in excess of GBP65bln (inc GBP4.25bln JLM interest) - similar level to July tap.
  • HR 49% vs 1.25% Nov-55 (GB00B0CNHZ09). Spot ref 93.130.
  • Settlement Date: 27-Nov-2024 (T+1)
  • ISIN: GB00BPSNBG80
  • Joint Leads: Barclays, BofA Securities (B&D/DM), Citi and NWM
  • Timing: TOE 12:20GMT, FTT immediately
From market source / DMO