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-UK plans new 2052 gilt sale.

Global Banking News-September 21, 2011--UK plans new 2052 gilt sale(C)2011 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 21 September 2011

The UK is planning the sale of new conventional gilt maturing in 2052, and has named a syndicate of banks to arrange the sale, Dow Jones has reported, citing a statement by the DMO.

Barclays Plc (LSE: BARC) (NYSE: BCS), Morgan Stanley (NYSE: MS), Royal Bank of Scotland Plc (LSE: RBS) (NYSE: RBS-PP) and UBS AG (NYSE: UBS) (ZHR: UBSN) (UBSN.VX) have been hired as joint book runners on the issuance. All other panel member gilt-edged market makers will be co-lead managers. Further details on the offer are yet to be decided.

The DMO is planning to raise nearly GBP31.6bn through gilt syndications in the fiscal year 2011-2012, the report noted.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Global Banking News (GBN)
Date:Sep 21, 2011
Words:158
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