January 13, 2017 / 8:25 AM / 8 months ago

UK names banks to launch new 40-year gilt via syndicate

LONDON (Reuters) - Citi, HSBC, J.P. Morgan and Santander will act as joint book-runners for the launch of a new 40-year British government bond via a syndication later this month, the UK Debt Management Office said on Friday.

The DMO had previously announced that the gilt, with a maturity of July 2057, will be launched via syndication in the week starting Jan. 23, and will set the coupon for the gilt on Jan. 17.

Reporting by David Milliken; editing by Costas Pitas

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