November 26, 2024 07:02 GMT
GILTS: On The Lookout For 1.25% Nov-54 Linker Syndicated Tap
GILTS
A reminder that the DMO will carry out the third syndicated tap of the 1.25% Nov-54 Linker either today or tomorrow.
- GBP4.0bln was sold at launch in March (from books of GBP56.4bln) while GBP4.5bln was sold in July (from books of GBP64.1bln).
- We expect to see a similar sized transaction with continued healthy demand.
- Note that following this syndication, the 1.25% Nov-54 will be reopened once in FQ4 via auction on 14 January.
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