UK Sells GBP4.5 Billion in July 2053 Green Gilt Syndication

By Emese Bartha

The UK's Debt Management Office raised 4.5 billion pounds ($4.83 billion) via the syndicated tap of the 1.50% July 2053-dated green gilt, one of the lead manager banks said.

The tap attracted more than GBP30 billion in demand by the close of books, including GBP4.95 billion interest from the joint lead managers, the same bank said. The spread on the bond was set 1 basis point above the 3.75% July 2052 conventional gilt.

Lead managers of the issue were Barclays, BNP Paribas, HSBC, J.P. Morgan and UBS Investment Bank.

Write to Emese Bartha at [e-mail]

(END) Dow Jones Newswires

09-28-22 0605ET