The United Kingdom is poised to generate a record £14 billion ($18.7 billion) from its latest 10-year government bond offering, following unusually strong interest from investors, Bloomberg reported Tuesday.
The bond, maturing in October 2035, reportedly received over £140 billion in bids, according to sources familiar with the transaction cited by Bloomberg.
The gilt is expected to price at 8.25 basis points above the comparable benchmark, at the lower end of the guidance range, and will carry a 4.75% coupon.
Global asset manager Vanguard has taken a significant stake in the offering, the report noted.
This issuance marks the largest single bond sale in the UK’s history, underscoring robust demand for British sovereign debt.
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