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A US$2 billion 3-year RegS/144A eurobond has been launched to finance the Bank of England’s foreign currency reserves. The bond pays a coupon of 2.5% and will mature on 22 February 2022.
As previously announced on 11 February 2019, the Joint Lead Managers for this issue were Barclays Bank PLC, Goldman Sachs International, J.P. Morgan Securities PLC and Merrill Lynch International.
The Co-Lead Managers for this issue were BNP Paribas, Citigroup Global Markets Limited, Deutsche Bank AG - London Branch, HSBC Bank plc, Morgan Stanley & Co. International PLC, RBC Capital Markets, LLC and The Toronto-Dominion Bank.
This was the thirteenth operation in the Bank’s annual issuance programme; previous 3-year US dollar bonds were issued in either February or March of each year since 2007.
