The Bank of England announces today that it has mandated Barclays Bank PLC, Goldman Sachs International, J.P. Morgan Securities PLC and Merrill Lynch International as Joint Lead Managers for this year’s issuance operation to finance the Bank’s foreign exchange reserves.

The 2019 operation will be a benchmark 3-year US dollar bond, and the Bank expects to execute this transaction in the near future, subject to market conditions. This will be the thirteenth operation in the Bank’s annual issuance programme; previous 3-year dollar bonds were issued in either February or March of each year since 2007.