UK draws record 46.4 billion pounds of demand for new inflation-linked bond

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, April 26 (Reuters) - Britain received a record 46.4 billion pounds ($57.9 billion) in demand from investors at the launch of a new index-linked government bond which will mature in March 2045, the United Kingdom Debt Management Office said on Wednesday. The DMO said that domestic investors accounted for 93% of the allocations of the bond, of which it is issuing 4.5 billion pounds following the syndication process. The volume of orders is the highest for any index-linked bond issued via syndication by the DMO, although conventional gilt syndications have seen greater order volumes. ($1 = 0.8013 pounds) (Reporting by David Milliken Editing by William Schomberg)

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