By Laura Contemori – ROME (Econostream) – The UK Debt Management Office (DMO) on Tuesday priced a £4.75 billion reopening of its 1¾% Index-linked Treasury Gilt due September 22, 2038.

The deal was reoffered at 96.471 for a yield of 2.0792%, equivalent to 9.25bp over the 1⅛% Index-linked Treasury Gilt due November 22, 2037.

The bond carries a 1.75% coupon, paid semi-annually.

Settlement was scheduled for July 15, 2026.

Following the transaction, the outstanding size of the issue rose to £14.5 billion.

Barclays, BNP Paribas, NatWest and Nomura acted as joint lead managers.

Pricing was executed at 11:28 UK time.