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Britain names banks to sell 30-year index-linked bond

Reuters - UK Focus

LONDON, Jan 19 (Reuters) - The United Kingdom Debt Management Office named Bank of America Merrill Lynch, J.P. Morgan (Other OTC: MGHL - news) , Lloyds Bank and Santander GBM to act as joint bookrunners for the sale of several billion pounds of a 30-year index-linked bond.

The DMO said it would provide further details later on Friday about the timing of the syndication of the 2048 index-linked gilt which carries a 0.125 percent coupon .

The DMO said in November that it expected to carry out the syndication in late January or early February. (Reporting by David Milliken; editing by Kate Holton)