UK green bond sale demand holds up after Sunak’s climate pivot

The nation sold £3bil of bonds due 2033 as targeted, with investors offering to buy 2.56 times the amount of securities available. — Bloomberg

London: Demand for the Britain’s green bonds held up in a sale on Tuesday, after speculation that Prime Minister Rishi Sunak’s changes to climate policies might hurt investor interest.

The nation sold £3bil of bonds due 2033 as targeted, with investors offering to buy 2.56 times the amount of securities available. That’s a greater bid-to-cover ratio than two of the three last sales of the gilt.