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UK opens books on sale via syndication of 2065 government bond

Published 25/10/2016, 09:28
© Reuters. A pile of one pound coins is seen in a photo illustration
BARC
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LLOY
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NWG
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GB50YT=RR
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LONDON (Reuters) - Books opened on Tuesday for the sale via syndication of several billion pounds of a British government bond due to mature in 2065, one of the bookrunners on the deal said.

Price guidance for the 2.5 percent July 2065 gilt was set to yield 0.0-0.25 basis points more than the 50-year benchmark gilt, which matures in July 2068 (GB50YT=RR).

Pricing is expected later on Tuesday and Barclays (LON:BARC), Lloyds (LON:LLOY), Nomura and Royal Bank of Scotland (LON:RBS) are acting as lead bookrunners on the deal.

© Reuters. A pile of one pound coins is seen in a photo illustration

The 2065 gilt currently yields 1.55 percent.

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