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UK appoints banks for digital gilt pilot

The government named six joint lead managers for its planned Digital Gilt Instrument issuance, expected by Q1 2027.

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  • The appointees are Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets.
  • The pilot will explore distributed ledger technology across the bond’s issuance and lifecycle, the government said.
Why it matters

The pilot will test the use of distributed ledger technology in a UK government bond, according to the government.

What’s next

The pilot issuance is expected to take place by Q1 2027, the government said.

A little more context

The UK government appointed Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets as joint lead managers for the Digital Gilt Instrument pilot after a competitive procurement process. The government said the managers will support underwriting, investor engagement and distribution on issuance day. The pilot is expected by Q1 2027 and will explore distributed ledger technology across the bond’s issuance and lifecycle, according to the government.

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  1. Version 1 · 1 hr ago

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How this brief is grounded

UK appoints banks for digital gilt pilotUK Government

The government named six joint lead managers for its planned Digital Gilt Instrument issuance, expected by Q1 2027.UK Government

The appointees are Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets.UK Government

The pilot will explore distributed ledger technology across the bond’s issuance and lifecycle, the government said.UK Government

The pilot will test the use of distributed ledger technology in a UK government bond, according to the government.UK Government

The pilot issuance is expected to take place by Q1 2027, the government said.UK Government

The UK government appointed Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets as joint lead managers for the Digital Gilt Instrument pilot after a competitive procurement process.UK Government

The government said the managers will support underwriting, investor engagement and distribution on issuance day.UK Government

The pilot is expected by Q1 2027 and will explore distributed ledger technology across the bond’s issuance and lifecycle, according to the government.UK Government

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