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C$85.67 -0.2  -0.3%

Last Trade - 07/04/20

Large Cap
Market Cap £71.03bn
Enterprise Value £228.08bn
Revenue £27.38bn
Position in Universe 1st / 2628

Britain sells 2.25 bln stg of longest-dated bond via syndication

Tue 11th February, 2020 1:02pm
LONDON, Feb 11 (Reuters) - Britain sold 2.25 billion pounds
($2.91 billion) of its longest-dated government bond at a sale
via syndication on Tuesday, having attracted orders worth more
than 10 times that amount.
    The 1.625% 2071 conventional gilt  GBT1F71=  was priced with
a spread that was equivalent to 2.25 basis points below the
50-year benchmark 3.5% 2068 gilt  GBT3H68=   GB50YT=RR  that was
used as reference for the sale, a bookrunner said.
    At 1300 GMT the 2071 gilt was trading at a yield of 0.936%,
flat on the day, in line with the 50-year benchmark and slightly
outperforming the 10-year benchmark gilt  GB10YT=RR , which
yielded 0.57%.
    The sale attracted orders worth more than 25.2 billion
pounds from investors.
    Barclays  BARC.L , Goldman Sachs International  GS.N ,
JPMorgan  JPM.N  and RBC  RY.TO  acted jointly as bookrunners.
 ($1 = 0.7733 pounds)

 (Reporting by Andy Bruce, editing by David Milliken)
 ((; +442075423484; Reuters
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