Small font size A Larger text size A Largest text size A

Bank of England names lead managers for US dollar bond offer

BY Reuters | ECONOMIC | 10/06/25 07:45 AM EDT

LONDON, Oct 6 (Reuters) - The Bank of England on Monday named Barclays Bank, BNP Paribas, Merrill Lynch International and J.P. Morgan Securities as joint lead managers for a bond sale to finance the central bank's foreign exchange reserves.

The BoE said it would issue a benchmark, five-year U.S. dollar bond, to be offered in the near future, subject to market conditions.

In September, the BoE said it planned to hold two benchmark bond sales a year, rather than one which has been its practice for the past two decades, and the programme would increase gradually over several years. (Writing by William Schomberg; Editing by Catarina Demony)

More Fixed Income News

US fourth-quarter GDP could be negative if shutdown drags on, White House economic adviser says BY Reuters |ECONOMIC 11:25 AM EST
US fourth-quarter GDP could be negative if shutdown drags on, White House economic adviser says BY Reuters |ECONOMIC 11:00 AM EST
Wall St Week Ahead-Investors watching US economic signs as market pulls back, tech teeters BY Reuters |ECONOMIC 09:00 AM EST
China's factory-gate deflation eases in October, consumer prices rise BY Reuters |ECONOMIC 11/08/25 09:24 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article