February 11, 2025 12:04 GMT
GILT SYNDICATION: New 10-year: 4.50% Mar-35 gilt: Priced
GILT SYNDICATION
- Reoffer: 99.706 to yield 4.5363%
- Size: GBP13bln (higher than the GBP8.5-10.0bln we expected)
- Orderbooks in excess of GBP140bln (inc JLM interest of GBP12bln)
- Spread set at 4.25% Jul-34 gilt + 5.5bp (guidance was + 5.5/6.0bps)
- HR 106% vs 4.25% Jul-34 gilt. Spot ref 98.23
- Maturity: 7 March 2035
- ISIN: GB00BT7J0027
- Settlement: 12 February, 2025 (T+1)
- Bookrunners: Barclays, BNP Paribas, Citi (B&D/DM), Goldman Sachs International Bank, HSBC and NatWest.
- Timing: TOE: 11:56GMT. FTT immediately
From market source
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