The Treasury expects to issue the bond on HSBC's Orion platform by Q1 2027. This pilot program seeks to transition traditional government debt into a digital format to modernize the distribution of the UK's gilt markets.
Tuesday, October 20, 2026
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UK Treasury Appoints 6 Banks to Lead Digital Gilt Pilot
Global Markets14 days ago
Barclays, HSBC, Lloyds, Morgan Stanley, NatWest, and RBC Capital Markets will execute the underwriting and distribution of the United Kingdom's first electronic sovereign bonds. These firms serve as joint lead managers for the new digital gilt instrument, and their appointments allow the banks to begin engagement with potential investors.
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