Regulatory Alerts2026-02-09
Foreign Currency Reserves 2026 Market Notice 9 February 2026
The Bank of England has appointed RBC Capital Markets, BMO Capital Markets, HSBC Bank plc, and Morgan Stanley as joint lead managers for a benchmark three-year US dollar bond issuance to finance its foreign exchange reserves. This transaction marks the first operation of 2026 under the Bank’s updated issuance programme, targeting exclusively ECP and professional investors while applying FCA/ICMA stabilisation rules. The notice restricts distribution to the United Kingdom and specified jurisdictions, confirms that securities remain unregistered in the US, and directs investors to rely solely on the accompanying prospectus.
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