UK Sets Guidance On 2040 Syndicated Gilt Issue

29th Jun 2010 09:27

LONDON (Dow Jones)--Guidance on the U.K.'s new syndicated gilt issue, maturing Dec. 7, 2040, has been set at one to three basis points over the existing 4.25% gilt maturing 2039, one of the banks running the sale said Tuesday. The new bond will also pay a 4.25% coupon. Barclays PLC, Morgan Stanley, Nomura Holdings Inc., and Royal Bank of Scotland Group PLC are joint-lead managers of the transaction. The U.K. is rated triple-A by Moody's Investors Service, Standard & Poor's Corp., and Fitch Ratings. -By Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485, [email protected] (END) Dow Jones Newswires June 29, 2010 04:27 ET (08:27 GMT)