UK Issues 2,056 Treasury Bonds at the Highest Yield Since 1998

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On September 8, the UK issued £425 million in 2056-maturity government bonds with an issuance yield of 5.8168%, the highest since 1998. The bonds priced at 0.75 basis points above the yield of the 4.25% coupon, December 2055-maturity UK government bonds. Final subscription reached £85 billion, with a subscription multiple of 20 times. The bond’s coupon rate is 5.375%. Joint lead managers included BofA Securities, Goldman Sachs International, JPMorgan, Santander, and UBS Investment Bank. The move aligns with broader CFT measures and evolving MiCA compliance standards.

BlockBeats news, on September 8, according to Bloomberg, the UK issued £4.25 billion in gilts maturing in 2056 at a yield of 5.8168%, the highest level paid by the UK government on debt issuance since the establishment of the Debt Management Office in 1998.


According to sources familiar with the matter, the pricing of this transaction was set at 0.75 basis points above the yield of the UK government bond with a 4.25% coupon maturing in December 2055. The offering received £85 billion in subscriptions, representing a 20-fold oversubscription, with the bond carrying a coupon of 5.375%. The joint lead managers for this transaction are Bank of America Securities, Goldman Sachs International, JPMorgan, Santander, and UBS Investment Bank.

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