-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.
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|Publication:||Global Banking News (GBN)|
|Date:||Sep 21, 2011|
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