Spring Statement 2022: UK to raise further £10bn in green gilts

£16.4bn raised so far

A further £10bn is set to be raised by the UK from green gilts in in 2022-23, with transactions scheduled quarterly.

The Debt Management Office said that the issuance was "subject to demand and market conditions, with the current expectation that this will be issued across both medium and long maturities". Last year, the government launched the UK's Green Financing Programme, having now raised £16.1bn through the sale of green gilts so far. The first green gilt was issued in September, raising £10bn, the largest inaugural green bond issuance by any country. A second issuance in October then raised £6.1bn with gilts expiring in 2053, which the DMO said had the "longest maturity of any outstanding sov...