LONDON, October 21, 2021--(BUSINESS WIRE)--
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21 October 2021
SYNDICATED LAUNCH OF £6.0 BILLION OF 1½% GREEN GILT 2053: RESULT
The United Kingdom Debt Management Office (DMO) announces that the syndicated launch of £6.0 billion (nominal) of 1½% Green Gilt 2053 has been priced at £102.214 per £100 nominal, equating to a gross redemption yield of 1.4133%. The transaction will settle, and the new green gilt will be issued, on 22 October 2021.
Proceeds from today’s transaction are expected to amount to approximately £6.1 billion (cash ) and will take gilt sales via the five syndications held in the financial year to date to £35.1 billion. Total gilt sales in 2021-22 amount to £153.1 billion, of which green gilt sales account for £16.1 billion. The DMO is planning to raise £252.6 billion via gilt sales in 2021-22.
The UK domestic market provided the main support for the issue, taking around 88% of the allocation.
NOTES TO EDITORS
The syndicated offer was managed by five Joint Bookrunners: BofA Securities, Morgan Stanley, NatWest Markets, RBC CM and Santander. All other wholesale Gilt-edged Market Makers were appointed Co-Lead Managers. The composition of the syndicate was announced by the DMO on 8 October 2021.
This press notice will be appearing on the DMO’s website at: www.dmo.gov.uk
 Figures in this Press Notice are in cash terms unless indicated otherwise.
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UK Debt Management Office