UK Looking at 100-year Bonds to Lock in Low Rates

The Associated Press

LONDON (AP) — Britain is looking at ways of taking advantage of the country's super-low borrowing costs by considering the launch of bonds that would be repaid over 100 years, a senior Treasury official said Wednesday.

Robert Stheeman, chief executive of the Debt Management Office, said a formal consultation with potential buyers was likely to begin in the new financial year, which starts in April. However, he said the final decision will rest with ministers, notably Treasury chief George Osborne, who delivers his annual budget statement next week.

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March 14, 2012