UK sets 4% coupon for new 40-year government bond

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, May 9 (Reuters) - Britain will pay a 4% coupon on a new government bond maturing in October 2063, which it aims to launch via a syndication next week, subject to market conditions, the United Kingdom Debt Management Office said on Tuesday. The coupon on the gilt is the highest for a new ultra-long gilt since 2009, when Britain launched a bond maturing in January 2060 which also pays a 4% coupon. (Reporting by David Milliken; editing by William James)

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