LONDON, Nov 29 (IFR) - The United Kingdom Debt Management
Office has launched a £2.25bn 40-year inflation-linked bond at
2bp over its outstanding 2058 linker, according to a lead.
Order books closed over £11.5bn, including £2.7bn from the
joint lead managers.
The November 2056 transaction will price at the tight end of
the 2-2.75bp guidance over the 2058 UKTi and pay a coupon of
Bank of America Merrill Lynch, Deutsche Bank, Morgan Stanley
(B&D) and Scotiabank are running the Reg S deal, which will
price on Tuesday.
The UK is rated Aa1 by Moody's and AA by S&P and Fitch, all
with a negative outlook.
(Reporting by Michael Turner, Editing by Helene Durand)