Business
UK debt office urged to launch green gilts with 10-12 year maturity
Published by maria gbaf
Posted on August 25, 2021
Global Banking and Finance Review
Company
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by maria gbaf
Posted on August 25, 2021
LONDON (Reuters) – 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.
Last year Germany launched green bonds which offered a lower interest rate than standard debt.
The DMO also said it planned to hold 20 gilt auctions in the October-to-December period, three of them of index-linked bonds.
Investors and brokers were split over the merits of selling an ultra-long index-linked bond with a maturity of around 50 years, it said.
The DMO is due to announce details of its bond sales between October and December at 0630 GMT on Aug. 31.
($1 = 0.7283 pounds)
(Reporting by David Milliken; Editing by Kate Holton and Paul Sandle)
LONDON (Reuters) – 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.
Last year Germany launched green bonds which offered a lower interest rate than standard debt.
The DMO also said it planned to hold 20 gilt auctions in the October-to-December period, three of them of index-linked bonds.
Investors and brokers were split over the merits of selling an ultra-long index-linked bond with a maturity of around 50 years, it said.
The DMO is due to announce details of its bond sales between October and December at 0630 GMT on Aug. 31.
($1 = 0.7283 pounds)
(Reporting by David Milliken; Editing by Kate Holton and Paul Sandle)