Benchmark UK gilt yields declined two basis points yesterday to 0.23%, extending their fall on Monday following a report suggesting Prime Minister Boris Johnson’s (pic) administration is preparing to end the Brexit transition period without an economic agreement with the EU.
LONDON: Rising tension between the UK and European Union over trade is proving to be a boon for the nation’s first syndicated offering since June.
The UK’s 15-year debt attracted bids in excess of £57bil (US$75bil), 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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
