LONDON, Nov 29 (IFR) - The United Kingdom Debt Management Office has started marketing a new 40-year inflation-linked Gilt at 2-2.75bp over its existing 2058 linker, according to a lead.
The November 2056 deal is expected to have a benchmark size and will pay a coupon of 0.125%.
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)