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

09/28/2022 | 06:53am EST

(Adds issue price and yield)

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 one basis point above the 3.75% July 2052 conventional gilt.

The bond was priced at 52.447, at a yield of 4.2974%, the same bank said.

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


Write to Emese Bartha at emese.bartha@wsj.com


(END) Dow Jones Newswires

09-28-22 0853ET

Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC 1.59% 158.76 Delayed Quote.-15.10%
BNP PARIBAS 0.27% 52.46 Real-time Quote.-13.67%
UK 10Y CASH -0.01% 3.0764 Delayed Quote.243.49%
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