UK DMO Plans 20-30 Year Syndicated Index-Linked Gilt Sale

8th Jul 2010 15:47

LONDON (Dow Jones)--The U.K. Debt Management Office has hired Deutsche Bank AG, Goldman Sachs International, HSBC Bank PLC and the Royal Bank of Scotland to lead manage the issue of a new index-linked gilt maturing in 20 to 30 years in the second half of July, the DMO said in a release Thursday. All other index-linked gilt edged market makers have been invited to be co-lead managers. The DMO plans to issue around GBP26 billion via syndicated offerings 2010-11. Proceeds from the program in the financial year to date total GBP11.8 billion. More information on the sale will be announced in due course. -By Michael Wilson, Dow Jones Newswires; 44 20 7842 9349, [email protected] (END) Dow Jones Newswires July 08, 2010 10:47 ET (14:47 GMT)