Treasury Raises £7bn in Gilts Sale
Thursday, June 25, 2009 8:40
The Treasury raised £7 billion from investors in the biggest sale of sovereign debt to be carried out via a syndicate of bankers.
British investoes snapped up 94 per cent of the 25-year gilts sold, which carry a coupon of 4.5 per cent, with the rest going abroad. Sterling rose to the highest level in seven months against a basket of currencues, after inflation data that was stronger than expected, and as high as $1.6507 against the dollar.
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