UK Smashes Bond Demand Record With £110 Billion Orderbook
- Orders beat the rush for UK’s debut green bond in 2021
- Demand comes ahead of the expected start of BOE rate cuts
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The UK received record demand for a gilt sale on Tuesday, after it offered a larger-than-expected discount on the notes.
The £11 billion ($14 billion) bond offering attracted £110 billion in orders, surpassing the previous record of over £100 billion for the UK’s debut green bond in 2021. Analysts said pricing for the 10-year offer was attractively set at four basis points over a comparable gilt.