Strong demand for British bond
The Debt Management Office also said it would increase the amount of money it seeks to raise via syndications for linkers this financial year by £1bn to £10bn (€13.3bn), following strong demand for the 2058 index-linked gilt.
Investors — 86% of whom were British-based — placed orders totalling £10.9bn, enough to push the yield in real terms below zero to a record low -0.8955%.