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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
GBGV
United Kingdom Debt Management Office (UK DMO)£4,250
1EMEA
Nov 26, 2024
currency
GBP
size (m)
4,250.000
maturity
Nov 22, 2054
type
Fixed
tenor
30.000
call
-
registration
-
benchmark
G
ranking
Sr. Unsecured
moody's
Aa3
s&p
AA
fitch
AA-
size description
-
re-open/tap
Yes
ipt
-
ipt-pxd
-
guidance
G+4-4.25
spread
4
coupon
1.25%
spread set
-
price
92.38800
yield
1.569%
book size (m)
65,990
peak book (m)
-
x-covered
15.53
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
65,990
peak book (m)
-
x-covered
15.53
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
30 yr: Book size: 65990; Comments: GBP4.25bn tap of UKTi 8.5bn 1.25% Nov 2054 linker. Aa3/AA/AA-. Barc/BofA(B&D)/Citi/NatWest(communication mgr). Guidance UKTi 1.25% Nov 2055 linker+4/+4.25, set UKT +4. Launch 4.25bn. Bks closed 65bn+ incl 4.25bn JLM. HR 94% vs UKTi 1.25% Nov 2055 (Ref Spot @ 93.13, Hedges at 93.130). Distribution: UK market took circa 87%. New Total: 12.75bn;
Deal Comments
GBP4.25bn 30yr tap of 1.25% due 11/22/2054

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