Record demand for £10bn UK green gilt

The UK’s inaugural green gilt sale has been met with record demand, with investors placing more than £100bn of bids. The £10bn raised makes it the largest sovereign green bond on record. The UK’s Debt Management Office, the arm of the Treasury that handles bond issuance, plans to sell at least £15bn of green gilts this year, with a further sale scheduled for next month as it launches one of the world’s largest green borrowing programmes. The “greenium” will save £28m for the Treasury over the life of the bond. The FT (£) To send feedback, e-mail piers.wehner@eg.co.uk or tweet