Free Trial

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.
77 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • 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.