Free Trial

New 4.25% Jul-34 gilt: Allocations out

GILT SYNDICATION
  • Spread set at 4.625% Jan-34 Gilt (GB00BPJJKN53) + 4.0bps
  • HR: 102%
  • Guidance was 4.625% Jan-34 Gilt + 4.0/+4.5 bps
  • Size: GBP11bln (MNI had expected GBP8.5-10.0bln or slightly higher)
  • Books closed in excess of GBP110bln (inc JLM interest of GBP9bln)
  • Maturity: 31-July-2034
  • Expected Settlement Date: 12-Jun-2024 (T+1)
  • Coupon: 4.25% SA, ACT/ACT, long 1st to 31-Jan-2025
  • ISIN: GB00BQC82C90
  • Joint Leads: BARC / CITI / DB / LLOYDS / NATWEST (B&D/DM) / RBC CM
  • Timing: Hedge deadline 12:00BST
From market source

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.