United Kingdom: bonds

The British public debt is the total quantity of money borrowed by the Government of the United Kingdom at any one time through the issue of securities by the British Treasury and other government agencies. The government bonds called gilts or stocks.

As of Q1 2013 total amount outstanding is £1,278 billion, including inflation uplift for index-linked gilts.

UK sovereign debt market is dominated by long and super-long issues: with fixed coupon (conventional gilts), and, less frequently, with inflation-linked coupon (index-linked gilts). Gilt-edged securities are listed on the London Stock Exchange. Auctions are take place every week (round £2.3 billion each week).

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
GBP 99 1 503 680 505 789
CNY 1 3 000 000 000
municipal
GBP 3 884 971 000
corporate
GBP 1401 435 675 066 814
USD 1377 635 928 167 054
EUR 980 863 939 809 490
RUR 154 88 173 081 500
CHF 46 10 378 700 000
IDR 33 12 928 500 000 000
AUD 31 6 149 720 000
ZAR 29 57 739 100 000
NOK 28 24 286 500 000
BRL 27 2 442 318 000
JPY 26 465 400 000 000
HKD 25 11 188 000 000
INR 21 34 519 800 000
CNY 17 6 729 000 000
CAD 14 6 365 199 000
TRY 11 1 249 200 000
SEK 10 8 781 600 000
MXN 8 8 629 650 000
NZD 5 272 100 000
RON 5 561 750 000
SGD 4 1 470 000 000
ITL 4 2 525 000 000 000
KZT 4 72 400 000 000
AMD 4 20 016 000 000
KRW 3 100 000 000 000
ARS 2 400 000 000
FRF 2 1 316 000 000
UYU 2 478 975 000
GEL 2 132 000 000
ZMW 1 50 000 000
PLN 1 100 000 000
RSD 1 2 500 000 000
COP 1 15 000 000 000
DKK 1 4 680 000 000

Sovereign rating

Rating AgencyRatingRating scaleDate
RIA Rating *** Sovereign ratings ***
Dagong Credit *** International scale rating (foreign curr.) ***
Dagong Credit *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
Rating Agency RAEX (Expert RA) *** Foriegn curr. scale ***
Rating Agency RAEX (Expert RA) *** Local curr. scale ***
National Rating Agency *** Global scale ***
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Latest bond issues

issue ISIN coupon volume end of placement maturity date
Close Brothers Group, 4.25% 24jan2027, GBP - International bonds XS1548943221 4.25% 175 000 000  GBP 01/13/2017 01/24/2027
United Kingdom, Bills 17jul2017 6m - Domestic bonds GB00BXRDLQ55 0% 2 500 000 000  GBP 01/13/2017 07/17/2017
HSBC, 3.4% 20jan2027, USD - International bonds XS1551751099 3.4% 30 000 000  USD 01/12/2017 01/20/2027
Jaguar Land Rover, 2.2% 15jan2024, EUR - International bonds XS1551347393 2.2% 650 000 000  EUR 01/12/2017 01/15/2024
TalkTalk Telecom Group, 5.375% 15jan2022, GBP - International bonds XS1550932344 5.375% 400 000 000  GBP 01/12/2017 01/15/2022
HSBC, 0% 25jan2047, USD (10957D) - International bonds XS1551305474 0% 50 000 000  USD 01/11/2017 01/25/2047
Standard Chartered Bank, 7.75% perp., USD (Conv.) - International bonds USG84228CX43 7.75% 1 000 000 000  USD 01/11/2017
Affordable Housing Finance, 2.893% 11aug2043, GBP - International bonds XS1273543162 2.893% 1 157 200 000  GBP 01/11/2017 08/11/2043
HSBC, 0% 25jan2047, USD (10957D) - International bonds XS1551026674 0% 50 000 000  USD 01/10/2017 01/25/2047
Barclays, 3.125% 17jan2024, GBP - International bonds XS1550975079 3.125% 600 000 000  GBP 01/10/2017 01/17/2024

World Bond Market Indicators

Daily indices

Type: 01/16/2017 01/13/2017 01/12/2017 01/11/2017 01/10/2017 01/09/2017 01/06/2017
Treasuries
Gilt 10Y YTM 1.31 1.36 1.30 1.35 1.36 1.34 1.38
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Monthly indices

Type Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016 Jun 2016
EU Long-term interest rates
United Kingdom, % 1.25 1.22 0.94 0.67 0.59 0.79 1.18
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World Bond market statistics

Monthly indices

Type Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016 Jun 2016
Domestic govt Bonds markets (Western Europe)
United Kingdom govt Bonds outst., EUR bln (without Bills) 1 771.73 1 766.67 1 662.38 1 729.82 1 757.80 1 748.24 1 748.01
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Quarterly indices

Type III 2016 II 2016 I 2016 IV 2015 III 2015 II 2015 I 2015
BIS volume of internetional-bond market of developed countries
British international bonds, USD bln 974.600 988.800 3.082 3.050 3.140 3.204 3.078
BIS net issues of internetional-bond market of developed countries
International-bond net issue of the United Kingdom, USD bln 23.700 3.400 23.200 -33.400 -18.200 15.900 11.446

New issues of Developed markets International Bonds

Monthly indices

Type Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016 Jun 2016
Developed Market International Bonds (excl. USA)
New issues of international bonds (UK), USD bln 5.999 14.911 8.529 31.881 39.411 9.821 6.438
Number of new international bond issues (UK) 32 65 64 98 80 69 74
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Developed Markets International Bonds

Monthly indices

Type Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016 Jun 2016
International bonds Developed Markets
United Kingdom sovereign international bonds, USD bln 0.676 0.686 0.686 0.709 0.711 0.718 0.720
United Kingdom municipal international bonds, USD bln 0.819 0.838 0.364 0.389 0.393 0.398 0.403
United Kingdom corporate international bonds, USD bln 1 494.718 1 520.498 1 529.962 1 587.282 1 630.043 1 546.240 1 547.412
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Money market

Daily indices

Type: 01/13/2017 01/12/2017 01/11/2017 01/10/2017 01/09/2017 01/06/2017 01/05/2017
IRS GBP (Annual Fixed vs 6M Libor)
IRS GBP 1Y vs 6M Libor mid 0.4020 0.4010 0.4050 0.4080 0.4100 0.4120 0.4160
IRS GBP 2Y vs 6M Libor mid 0.6214 0.6114 0.6249 0.6221 0.6249 0.6314 0.6319
IRS GBP 3Y vs 6M Libor mid 0.7115 0.6943 0.7163 0.7104 0.7145 0.7216 0.7246
IRS GBP 4Y vs 6M Libor mid 0.8060 0.7840 0.8170 0.8090 0.8180 0.8070 0.8410
IRS GBP 5Y vs 6M Libor mid 0.9136 0.8798 0.9183 0.9089 0.9157 0.9234 0.9304
IRS GBP 6Y vs 6M Libor mid 1.0010 0.9680 1.0170 1.0030 1.0150 0.9970 1.0480
IRS GBP 7Y vs 6M Libor mid 1.0910 1.0540 1.1080 1.0920 1.1040 1.0850 1.1390
IRS GBP 8Y vs 6M Libor mid 1.1720 1.1330 1.1910 1.1730 1.1840 1.1620 1.2210
IRS GBP 9Y vs 6M Libor mid 1.2460 1.2030 1.2650 1.2460 1.2560 1.2330 1.2930
IRS GBP 10Y vs 6M Libor mid 1.3265 1.2757 1.3283 1.3165 1.3224 1.3194 1.3300
IRS GBP 12Y vs 6M Libor mid 1.4140 1.3660 1.4300 1.4070 1.4180 1.3920 1.4550
IRS GBP 15Y vs 6M Libor mid 1.5090 1.4580 1.5220 1.4980 1.5090 1.4820 1.5460
IRS GBP 20Y vs 6M Libor mid 1.5640 1.5100 1.5700 1.5470 1.5590 1.5330 1.5960
IRS GBP 25Y vs 6M Libor mid 1.5590 1.5040 1.5590 1.5370 1.5500 1.5260 1.5860
IRS GBP 30Y vs 6M Libor mid 1.5581 1.4968 1.5363 1.5222 1.5306 1.5283 1.5409
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Risk Management Institute

Daily indices

Type: 01/13/2017 01/11/2017 01/10/2017 01/09/2017 01/06/2017 01/05/2017 01/04/2017
RMI CVI - Europe
UK CVI value weighted  12.17 12.18 12.19 12.35 12.41 12.68 12.84
UK CVI tail  140.95 142.43 137.30 134.44 135.38 139.46 140.63
UK CVI equally weighted  37.51 37.45 37.35 37.34 37.48 39.11 39.67
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Stock market (World)

Daily indices

Type: 01/16/2017 01/13/2017 01/12/2017 01/11/2017 01/10/2017 01/09/2017 01/06/2017
Stock market (Developed countries)
FTSE 100  7 327 7 338 7 292 7 290 7 275 7 238 7 210
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