UK 2065 gilt syndication draws over 15bn stg in orders

LONDON: Investors have placed orders totalling more than 15 billion pounds ($18.3 billion) for a British government bond maturing in July 2065 since books opened at 0800 GMT on Tuesday, one of the bookrunners on the deal said.

Price guidance for the 2.5 percent 2065 bond was unchanged at 0.0-0.25 basis points above the 50-year benchmark gilt, which matures in July 2068, and books on the deal are expected to close at 0900 GMT.

Barclays, Lloyds, Nomura and Royal Bank of Scotland are acting as lead bookrunners on the deal.