May 24, 2024 06:37 GMT
New 10-year date / timing confirmed
GILT SYNDICATION
- The DMO has announced the new 10-year gilt will be launched via syndication in the week commencing 10 June. This is in line with our expectations (we had previously pencilled in a 11 June transaction).
- The maturity date will be 31 July 2034.
- The DMO FY24/25 funding plan has GBP8.5bln for this transaction - we see a risk this gets upsized potentially to GBP10bln.
- The ISIN will be GB00BQC82C90 with the first coupon a long coupon on 31 January 2025.
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