UK's first green gilt smashes records with £90bn of demand

2033 green gilt sale

Beth Brearley
clock • 1 min read
Green Gilt debut set to smash records
Image:

Green Gilt debut set to smash records

The UK’s first green gilt is on track to beat all previous records for British government debt sales.

Investors are said to have placed more than £90bn in orders for the 0.875% July 2033 green gilt this morning, according to Reuters, with price guidance for the green government bond tightened to 7.5 basis points over the benchmark June 2032 gilt. Rishi Sunak ramps up plans for UK's first green gilt and retail green savings bond Barclays, BNP Paribas, Citi, Deutsche Bank, HSBC and JPMorgan are the bookrunners for the sale of the 2033 green gilt. Earlier this year the Treasury said the debut green bond was a "core part" of the Chancellor's vision to establish the UK as a leader in su...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

Investors look away from energy intensive sectors such as chemicals, metals and manufacturing.

'An investor's worst nightmare': Energy rationing spells greater chaos for supply chains

Business confidence falls

clock 05 August 2022 • 5 min read
Lee Robinson, founder and CIO, Altana Weath
ESG

Carbon trading: the big long

Time for a different hedge

Lee Robinson
clock 05 August 2022 • 4 min read
25 out of 36 companies in Morningstar’s coverage have faced controversy over human rights abuses.
ESG

High ESG risk fashion industry continues to threaten investor capital

Luxury apparel faces counterfeit risk

clock 04 August 2022 • 2 min read
Trustpilot