U.K. Re-Opens a 4.375%, 2054 Gilt Via Syndication

By Miriam Mukuru

The U.K. Debt Management Office on Wednesday re-opened GBP6.75 billion ($8.40 billion) of 4.375%, 2054 gilt through syndication, it said.

It was the first of seven syndications planned by the DMO in the 2024-25 fiscal year.

"[The] 4.375% treasury gilt 2054 has been priced at GBP93.521 per GBP100 nominal, equating to a gross redemption yield of 4.7818%," DMO said.

U.K. investors formed the biggest share of buyers, taking around 91% of the allocation, DMO said.

Write to Miriam Mukuru at [e-mail]

(END) Dow Jones Newswires

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