By Lorena Ruibal


The U.K. on Thursday sold 6 billion pounds ($8.28 billion) in the 1.5% July 2053 green government bond via a syndicate of banks, according to the Debt Management Office.

Proceeds from the sale will be ring-fenced for projects such as offshore wind farms and zero-emission buses.

The new July 2053 green gilt will pay a 1.5% coupon and was priced at 102.214, implying a yield of 1.4133%, it said. Demand was in excess of GBP74 billion, including joint lead manager interest, at final terms it said. The July 2052 conventional bond was used as a pricing reference.

The U.K. domestic market accounted for 88% of the allocation, the DMO said.

Joint bookrunners of the issue were BofA Merrill Lynch, Morgan Stanley, NatWest Markets, RBC CM and Santander.


Write Lorena Ruibal at


(END) Dow Jones Newswires

October 21, 2021 10:22 ET (14:22 GMT)

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