UK sells 9 billion pounds of new 15-year gilts via syndication

LONDON, Oct 14 (Reuters) - Britain's debt agency said it sold 9 billion pounds ($11.97 billion) of new 15-year gilts on Tuesday as investors showed strong demand for the government bonds.

The Debt Management Office said it received more than 128 billion pounds in demand at a syndicated sale of a new 5.25% 2041 British gilt.

The price for the new conventional gilt was set to yield 8 basis points more than the 4.375% January 2040 gilt.

"This robust market response bodes well, as we look to build the bond over time to establish its status as a new 15-year benchmark on the gilt curve," DMO Chief Executive Officer Jessica Pulay.

Gilt yields in financial markets and the value of sterling fell on Tuesday after official data showed a slowing of wage growth and a rise in unemployment, raising the possibility of a Bank of England interest rate cut in the coming months.

Barclays, Bank of America, Morgan Stanley, Deutsche Bank and RBC acted as joint leads on the transaction for the DMO.

Domestic investors accounted for 62% of the allocation of the bonds sold, the DMO said.

($1 = 0.7522 pounds)