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Jan-46 Issue "Larger Than Originally Planned": DMO

GILT SYNDICATION

A bit more colour on the demand for today's GBP6.5bn Jan-46 Gilt syndication from DMO (which saw orders in excess of GBP60bn , per DMO):

  • "The UK domestic market provided the main support for the issue, taking around 92% of the allocation. This transaction saw participation from a large number of diverse high quality investors based both in the UK and internationally."
  • DMO Chief Executive Stheeman: "The transaction was well received by the market, with the new gilt attracting very strong interest from our core pension fund and asset manager investor base. The size of £6.5 billion, which was larger than originally planned, reflects a very high-quality order book."

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