UK plans record Gilt sales in April amid big rise in funding programme

sterling_adobestock_575x375
By Burhan Khadbai
01 Apr 2020

The UK Debt Management Office announced plans this week to raise the biggest volume of Gilts in a single calendar month as it prepares for a significant increase to its financing programme from government’s measures to support the economy through the coronavirus outbreak.

The UK DMO said it would raise £45bn of Gilts across the curve in April, the start of its 2020-21 financial year, in what it called an “exceptional revision” to its issuance plans.

The DMO plans to raise the full amount for April through auctions. The average auction ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial