U.K. DMO Cuts Net Financing Requirement, Gilt Remit
October 27 2021 - 9:38AM
Dow Jones News
By Lorena Ruibal
The U.K. Debt Management Office said Wednesday that it was
reducing the estimated net financing requirement for 2021-22 by
82.8 billion pounds ($114.05 billion) to GBP171.6 billion.
The DMO's financing remit has been published as part of the
Budget announcement.
Planned gilt sales are being reduced for the remainder of the
fiscal year by GBP57.8 billion to GBP194.8 billion, the DMO said.
Of that, GBP26.3 billion will be raised via index-linked gilts and
the remainder via conventional gilt sales.
In April, the DMO revised down the net 2021-22 financing
requirement to GBP254.4 billion, down GBP43.3 billion from an
initial forecast the month before.
Write to lorena.ruibal@wsj.com; @lorena_rbal
(END) Dow Jones Newswires
October 27, 2021 09:23 ET (13:23 GMT)
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