By Miriam Mukuru
The U.K. Debt Management Office raised approximately 13.8 billion pounds ($18.7 billion) through the launch of a new 4.75% October 2035 gilt via a syndication, it said Tuesday.
U.K. domestic investors were the dominant buyers of the gilt, taking around 60% of the allocation, the DMO said.
"The strength of market support, notwithstanding the challenging global market backdrop, and the high quality of investor orders received today, has enabled us to launch this bond in a size of 14.0 billion pounds," DMO Chief Executive Jessica Pulay said.
The syndication was the third of eight syndications planned in fiscal 2026.
"We shall continue to work with market participants to help ensure the smooth delivery of the DMO's financing remit for 2025-26," Pulay said.
Write to Miriam Mukuru at miriam.mukuru@wsj.com
(END) Dow Jones Newswires
September 02, 2025 10:24 ET (14:24 GMT)
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