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Britain sells 7 billion pounds of new 2039 government bond

Reuters
FILE PHOTO: British five pound banknotes are seen in this picture illustration

LONDON (Reuters) - Britain launched a new government bond maturing in January 2039 on Tuesday, after investors bought debt with a face value of 7 billion pounds ($9.69 billion), the United Kingdom Debt Management Office said.

The new 1.125% 2039 gilt was priced to offer a yield of 1.0858%, 8.5 basis points more than the 4.75% 2038 gilt which acted as a benchmark in the syndication.

($1 = 0.7224 pounds)

(Reporting by David Milliken; Editing by William Schomberg)