Britain is going to place £110bn in bonds this fall amid the COVID-19 crisis
July 20, 2020
The UK plans to raise around £110bn in bonds in September-November, boosting debt issuance to a record £385bn this fiscal year.
Also, the UK Debt Management Office has published a calendar of upcoming placements of debt securities, according to which 38 bond issues are planned this fall.
Due to the coronavirus pandemic, the UK has placed securities of £275bn from April to July. However, the UK Treasury expects the average monthly borrowing to decline to around £36.7 billion from £55 billion at the peak of the COVID-19 pandemic.
Company — United Kingdom
Full nameThe United Kingdom of Great Britain and Northern Ireland
Registration countryUnited Kingdom