UK 2040 Inflation-Linked Bond Tap Guidance Nov 2037 UKTI +0-0.02

27th Jul 2010 09:05

LONDON (Dow Jones)--The U.K. has set price guidance on its planned syndicated tap of its 0.625% inflation-linked bond, one of the banks running the sale said Tuesday. The tap will price with a spread of between zero and two basis points over the 1.125% linker maturing November 2037. Order books are open and pricing is expected later Tuesday. The U.K. is rated Aaa by Moody's Investors Service Inc., and AAA by Standard & Poor's Corp. and Fitch Ratings. Deutsche Bank AG, Goldman Sachs Group Inc., HSBC Holdings PLC, and Royal Bank of Scotland Group PLC are acting as bookrunners. -By Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485; [email protected] (END) Dow Jones Newswires July 27, 2010 04:05 ET (08:05 GMT)