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UK names six banks to manage digital gilt pilot

The government says the pilot issuance is expected by the first quarter of 2027.

·Single primary source·First edition
  • Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets were appointed joint lead managers after a competitive procurement, 
  • the UK government said.
Why it matters

The pilot will test distributed ledger technology in issuing and managing a government bond, the UK government said.

What’s next

The pilot issuance is expected by the first quarter of 2027, according to the UK government.

A little more context

The UK government appointed Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets as joint lead managers following a competitive procurement process. The banks are expected to provide underwriting, investor engagement and distribution services, the government said. The pilot will examine how distributed ledger technology can be used across a bond’s issuance and lifecycle. It is expected to take place by the first quarter of 2027, according to the government.

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The story’s history

  1. Version 1 · 1 hr ago

    First verified brief published.

How this brief is grounded

UK names six banks to manage digital gilt pilotUK Government

The government says the pilot issuance is expected by the first quarter of 2027.UK Government

Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets were appointed joint lead managers after a competitive procurement, UK Government

the UK government said.UK Government

The pilot will test distributed ledger technology in issuing and managing a government bond, the UK government said.UK Government

The pilot issuance is expected by the first quarter of 2027, according to the UK government.UK Government

The UK government appointed Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets as joint lead managers following a competitive procurement process.UK Government

The banks are expected to provide underwriting, investor engagement and distribution services, the government said.UK Government

The pilot will examine how distributed ledger technology can be used across a bond’s issuance and lifecycle.UK Government

It is expected to take place by the first quarter of 2027, according to the government.UK Government

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