UK invites banks to help with sale of UK’s second sukuk bond

LONDON (Reuters) – Britain’s Debt Management Office said on Monday it was inviting banks to join a syndicate for the country’s second sale of sovereign sukuk or Islamic bond.

Britain became the first Western country to issue an Islamic bond in 2014, raising 200 million pounds ($260 million)from a five-year deal that was 10 times oversubscribed.

The DMO also said it would hold a tender for the sale of 250 million pounds worth of the 0.125% 2048 index-linked gilt on Jan. 23 and would bring forward the auction of the 0.125% 2028 index-linked gilt by a week to March 5.

Reporting by William Schomberg, editing by David Milliken

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