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Britain sells 4.0 bln stg of 2065 gilt via syndication
September 5, 2017 / 12:51 PM / 3 months ago

Britain sells 4.0 bln stg of 2065 gilt via syndication

LONDON, Sept 5 (Reuters) - Britain said on Tuesday that it had sold 4.0 billion pounds ($5.2 billion) of the 2.5 percent 2065 conventional gilt via syndication.

The Debt Management Office said that the gilt was sold at a price that gives an average yield of 1.547 percent, equivalent to half a basis point more than the yield of the 3.5 percent 2068 gilt that is used as a benchmark.

HSBC, Morgan Stanley, NatWest Markets and Scotiabank acted as joint bookrunners. ($1 = 0.7708 pounds) (Reporting by Andy Bruce, editing by David Milliken)

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