Bank of England names lead managers for US dollar bond offer
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LONDON, Oct 6 (Reuters) - The Bank of England on Monday named Barclays Bank, BNP Paribas, Merrill Lynch International and J.P. Morgan Securities as joint lead managers for a bond sale to finance the central bank's foreign exchange reserves.
The BoE said it would issue a benchmark, five-year U.S. dollar bond, to be offered in the near future, subject to market conditions.
In September, the BoE said it planned to hold two benchmark bond sales a year, rather than one which has been its practice for the past two decades, and the programme would increase gradually over several years.
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