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GILT SYNDICATION: DMO Plans Long Gilt Syndication In September

GILT SYNDICATION

The DMO has confirmed that a Long Gilt will be on offer via syndication in September. 

  • In the FQ3 operations calendar, the DMO kept its options open and did not committ to any specific gilt on offer. 
  • It did, however, increase the size of the long syndication programme by GBP2.0bln to GBP15.5bln (of which GBP6.3bln had already been sold - so this was not unexpected). 
  • The size of the unallocated portion was reduced from GBP11bln to GBP9bln.

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