UK completes world's first 50 year indexed bond

The UK completed the syndication of its first fifty-year inflation linked bond on Friday 23 September, achieving a price and coverage which demonstrated the strong demand for long-dated bonds, and investors' enthusiasm for inflation protection at this maturity.

The UK Debt Management Office increased the size of the issue from £1 billion to £1.25 billion following strong demand, and the issue was priced at the upper end of expectations. The UK is the first country to offer an index-linked bond

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