UK Sells GBP6Bln in July 2053 Green Gilt via Syndication
By Lorena Ruibal
The U.K. on Thursday sold 6 billion pounds ($8.28 billion) in
the 1.5% July 2053 green government bond via a syndicate of banks,
according to the Debt Management Office.
Proceeds from the sale will be ring-fenced for projects such as
offshore wind farms and zero-emission buses.
The new July 2053 green gilt will pay a 1.5% coupon and was
priced at 102.214, implying a yield of 1.4133%, it said. Demand was
in excess of GBP74 billion, including joint lead manager interest,
at final terms it said. The July 2052 conventional bond was used as
a pricing reference.
The U.K. domestic market accounted for 88% of the allocation,
the DMO said.
Joint bookrunners of the issue were BofA Merrill Lynch, Morgan
Stanley, NatWest Markets, RBC CM and Santander.
Write Lorena Ruibal at email@example.com
(END) Dow Jones Newswires
October 21, 2021 10:22 ET (14:22 GMT)
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