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Strong market demand: The UK will raise a record £14 billion through the issuance of 10-year government bonds.
Jin10 data reported on September 2, the UK government’s issuance of 10-year government bonds attracted a large scale of subscription, expected to raise a record £14 billion in funds. This bond, which will mature in October 2035, attracted bids exceeding £140 billion. Its pricing will be 8.25 basis points higher than the benchmark, with a coupon interest rate of 4.75%. One of the world's largest asset management companies, Vanguard, stated that it has built up a significant position in this transaction.