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UK names banks to launch new 40-year gilt via syndicate

Published 13/01/2017, 08:25
© Reuters.  UK names banks to launch new 40-year gilt via syndicate
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LONDON (Reuters) - Citi, HSBC, J.P. Morgan and Santander (MC:SAN) will act as joint book-runners for the launch of a new 40-year British government bond via a syndication later this month, the UK Debt Management Office said on Friday.

The DMO had previously announced that the gilt, with a maturity of July 2057, will be launched via syndication in the week starting Jan. 23, and will set the coupon for the gilt on Jan. 17.

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