LONDON (Reuters) -Britain reported record interest from investors for an inflation-linked bond sold via a syndication as it received offers in excess of 67.5 billion pounds ($87.28 billion) for a new 2049 linker on Tuesday, bookrunners for the deal said.
The Debt Management Office sold 5 billion pounds worth of the new 1.875% September 2049 index-linked gilt in its final syndication of the 2024/25 financial year, the bookrunners said.
Demand just topped the 65.99 billion pounds of orders at the 4.25 billion pound sale of the 1.25% 2054 index-linked gilt in November 2024.
Price guidance for the 2049 index-linked gilt was set at 1.0 basis points above the real yield of the benchmark 0.125% 2048 index-linked gilt, representing a price at the top end of initial guidance.
Bank of America, J.P. Morgan, Lloyds and UBS are acting as joint leads on the transaction.
($1 = 0.7734 pounds)
(Reporting by William Schomberg; editing by David Milliken)
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