Brexit ‘Trash Talking’ Lifts U.K. Debt Demand to $99 Billion
- Debt Management Office will sell 8 billion pounds of bonds
- Prospect of increased BOE buying also bodes well for the sale
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Rising tension between the U.K. and European Union over trade is proving to be a boon for the nation’s first syndicated bond offering since June.
The U.K. will sell 8 billion pounds ($10.5 billion) of 15-year debt after attracting bids in excess of 76 billion pounds, according to a person familiar with the sale, who asked not to be identified because they’re not authorized to speak about it. The bonds were priced at about 13 basis points over similar-maturity debt.