LONDON Jan 29 British domestic investors
accounted for 85 percent of the demand for the 4 billion pounds
($6.28 billion) of 2044 gilts sold via syndication on Tuesday,
the UK Debt Management Office said.
The 4 billion pounds sold was at the high end of analysts'
expectations, and the DMO said it would now seek to raise just 1
billion pounds from its mini-tender programme in the remainder
of the 2012/13 financial year, 300 million pounds less than
"As one would expect, given the maturity of the bond on
offer, our core domestic investor base took the great majority
of the allocations, but I was also pleased to see overseas
participation at 15 percent, the second-highest such allocation
in our syndication programme to date," DMO chief executive
Robert Stheeman said.
The 4 billion pounds of 2044 gilts will be issued on Jan.
30, taking the total amount of the gilt in circulation to 8.25
billion pounds in nominal terms, the DMO said.