U.K. DMO Sells Index-Linked Debt With Local Investors Taking 93%

The U.K. sold 3.25 billion pounds of 0.125 percent index-linked gilts maturing in 2044 through banks, with 93 percent allocated to domestic investors, the Debt Management Office said in a statement.

The bond was sold at a gross redemption yield of 0.331 percent. Sales by so-called syndication in the fiscal year which started in April have reached 24.9 billion pounds, the debt office said.

The transaction is part of the 164.4 billion pounds of the Debt Management Office planned to raise for the government for this fiscal year.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE