UK opens books on syndication of 2068 index-linked gilt
LONDON, Sept 24
LONDON, Sept 24 (Reuters) - Britain opened the books on the syndication of its longest-ever inflation-linked government bond on Tuesday, one of the bookrunners on the transaction said.
Investors are being offered the March 2068 bond at a spread ranging from 1 basis point below to 1 basis point above the 2062 index-linked gilt, which is currently the longest-dated index-linked gilt in circulation in issue.
Strategists expect Britain to sell around 4 billion pounds ($6.41 billion) of the new government bond. Barclays, Deutsche Bank, HSBC and Morgan Stanley are acting as joint lead bookrunners on the deal.