UK opens books on sale of new 30-year index-linked bond - bookrunner
LONDON (Reuters) - Britain has opened the books on the launch via syndication of a new index-linked government bond, which matures in 2046 and has a coupon of 0.125 percent, one of the bookrunners on the transaction said on Tuesday.
Investors are being offered the March 2046 bond at a spread ranging from 0.5 basis points to 1.5 basis points above the 2044 linker .
The UK Debt Management Office typically makes several billion pounds of a new gilt available when it is launched by syndication.
Bank of America Merrill Lynch , BNP Paribas , HSBC and Morgan Stanley are acting as joint bookrunners for the sale.
(Reporting by Andy Bruce, editing by David Milliken)
