50-year bonds a reality - papers 11 March

Chancellor Gordon Brown may announce plans when he presents his Budget next Wednesday, the paper writes. This would be the first time in a century the Debt Management Office has offered such a product in more than a century. German is also expected to announce plans for a review of the possibility of issuing such bonds. France’s issue of a 50-year bond last month attracted significant institutional interest, although Telecom Italia’s issue of a 50-year corporate bond has struggle, the paper adds. INTEREST RATES LOOK set to rise, at least to a growing number of City economists, despi...