A £5bn issuance of index-linked gilts (ILGs) yesterday was almost three times oversubscribed despite offering the lowest ever real yield for a bond of its type.
Axa Investment Managers (IM) said demand for the retail prices index (RPI) linked bond reached £14.5bn within an hour, with almost all of the interest coming from UK investors. The asset manager...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date