UK sells 4.75 bln stg of 2068 gilt linker via syndication - bookrunner

LONDON Wed Jan 29, 2014 6:20am EST

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LONDON Jan 29 (Reuters) - Britain has raised 4.75 billion pounds ($7.88 billion) at a re-opening of its ultra-long index-linked 2068 gilt, a bookrunner said on Wednesday.

Investors put in orders in excess of 12 billion pounds for the 0.125 percent 2068 index-linked-gilt, which sold at a price equivalent to a yield 0.25 basis points above that of the index-linked gilt maturing in 2062.

Bank of America Merrill Lynch, HSBC, Nomura and Scotiabank are acting as joint lead bookrunners on the deal.

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