UK to sell record 485.5 billion pounds of bonds in 2020/21

11/25/2020 | 08:48am

LONDON (Reuters) - Britain will issue a further 92 billion pounds ($123 billion) of government bonds over the next four months, taking the total for the financial year to a record 485.5 billion pounds, the United Kingdom Debt Management Office said on Wednesday.

The gross financing requirement for 2021/22 was likely to be 255.9 billion pounds, based on new spending forecasts from finance minister Rishi Sunak, the DMO said.

($1 = 0.7491 pounds)

(Reporting by David Milliken; Editing by Alistair Smout)

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