The UK Debt Management Office named its syndicate on 21 August 2026 for a re-opening of the 5⅜% Treasury Gilt 2056 in the week of 7 September1, an operation carried in its gilt operations calendar as at 1 September2.
The UK Debt Management Office syndicates long-dated and index-linked lines, placing the stock through a group of banks instead of selling at open auction, when it wants to shift a large amount without moving the price against itself. Naming the banks is the administrative step before the sale rather than the sale, so the size and the price both remain unknown.
That leaves the 2056 maturity as the only settled term of the deal. The 2056 line runs thirty years out, and the coupon of 5⅜% is paid on the re-opened amount every year until it matures, well beyond the horizon of any body that scores the public finances. The three August auctions recorded here settle within a decade; this one hands the bill to a Parliament nobody has been elected to yet.
