Advertisement
UK markets close in 32 minutes
  • FTSE 100

    7,965.20
    +33.22 (+0.42%)
     
  • FTSE 250

    19,891.53
    +80.87 (+0.41%)
     
  • AIM

    743.60
    +1.49 (+0.20%)
     
  • GBP/EUR

    1.1695
    +0.0026 (+0.22%)
     
  • GBP/USD

    1.2633
    -0.0005 (-0.04%)
     
  • Bitcoin GBP

    56,460.30
    +1,892.91 (+3.47%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,255.03
    +6.54 (+0.12%)
     
  • DOW

    39,785.77
    +25.69 (+0.06%)
     
  • CRUDE OIL

    82.58
    +1.23 (+1.51%)
     
  • GOLD FUTURES

    2,235.00
    +22.30 (+1.01%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,496.77
    +19.68 (+0.11%)
     
  • CAC 40

    8,212.03
    +7.22 (+0.09%)
     

UK DMO says syndication of 2058 linker draws strong domestic demand

LONDON, Jan 28 (Reuters) - The syndicated sale of an ultra-long index-linked gilt drew strong demand from an overwhelmingly domestic investor base on Wednesday, Britain's Debt Management Office said.

The DMO also said it would increase the amount of money it seeks to raise via syndications for linkers this financial year by 1 billion pounds ($1.52 billion) to 10 billion pounds, following strong demand for the 2058 index-linked gilt .

Proceeds from the re-opening of the gilt, which achieved a record-low negative real yield of -0.8955 percent, are expected to be around 4.6 billion pounds, the DMO said.

For more details, see

($1 = 0.6591 pounds) (Reporting by Andy Bruce)