UK opens books on sale via syndication of 2065 government bond
LONDON (Reuters) - Books opened on Tuesday for the sale via syndication of several billion pounds of a British government bond due to mature in 2065, one of the bookrunners on the deal said.
Price guidance for the 2.5 percent July 2065 gilt was set to yield 0.0-0.25 basis points more than the 50-year benchmark gilt, which matures in July 2068 .
Pricing is expected later on Tuesday and Barclays, Lloyds, Nomura and Royal Bank of Scotland are acting as lead bookrunners on the deal.
The 2065 gilt currently yields 1.55 percent.
(Reporting by David Milliken; Editing by Angus MacSwan)