Orders for UK 2052 gilt exceed 8bn stg: source

LONDON: Order books at the syndication of Britain's 2052 gilt have exceeded 8 billion pounds, about 40 minutes after they opened, a source familiar with the deal said on Tuesday.

Price guidance for the 3.75 percent 2052 gilt was 2.5 basis points above the 4.25 percent 2049 gilt, the source added.

Deutsche Bank, Nomura, RBS and Santander are acting as bookrunners on the deal.

As standard with gilt syndications, the opening of books, launch and pricing of the gilt are all scheduled to take place on the same day.