Market news
24.08.2021, 07:42

UK debt office urged to launch green gilts with 10-12 year maturity

Reuters reports that investors and dealers recommended that Britain's debt office should put a 10-12 year maturity on its first green government bond sale next month with 2033 the preferred maturity year, the Debt Management Office said on Tuesday.

A planned second sale in October was recommended to have a maturity of around 30 years with 2053 the preferred option, the DMO said on Tuesday.

Britain's government plans to issue at least 15 billion pounds ($20.6 billion) of new debt this financial year which is designed to tap into investor demand for bonds to fund environmental investments.

The DMO also said it planned to hold 20 gilt auctions in the October-to-December period, three of them of index-linked bonds.

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