Skip to content
Subscriber Only

U.K. to Tap Market With 53-Year Bond as Yields Trail Inflation

The U.K. is set to issue a 53-year bond, making it the longest-maturity debt on the market, as the nation seeks to lock in low borrowing costs.

The gilts, which will mature in 2071, will be sold via syndication this month. It will replace a 2068 note that is the longest-dated debt now available to investors. With global bond yields still not far off record lows, the U.K. joins a string of countries that have sought to extend their debt profile recently.