The Bank of England is planning to issue non-sterling medium-term debt to finance its foreign exchange reserves on an annual basis. The bank has mandated Barclays Capital, Citi, Goldman Sachs and JPMorgan for the syndication. The first deal is likely to take place in the week of March 12: the Bank of England said, it will be a three-year US dollar transaction.
Jethro Wookey,
February 27, 2007