The Bank of England announces today that it has mandated BNP Paribas, Merrill Lynch International, J.P. Morgan Securities plc and Barclays Bank PLC as Joint Lead Managers for this year’s issuance operation to finance the Bank’s foreign exchange reserves.
The 2025 operation will be a benchmark 3-year US dollar bond, and the Bank expects to execute this transaction in the near future, subject to market conditions. This will be the nineteenth operation in the Bank’s annual issuance programme.
