Tesco and BT to offer bonds direct to investors

The LSE says the launch offers continuous two-way pricing for trading in UK gilts and retail-size corporate bonds on-exchange for the first time. It has introduced the new market in response to strong private investor demand for greater access to fixed income. Initially, 49 gilts and 10 corporate bonds are available for trading including securities issued by Tesco, BT, National Grid, GlaxoSmithKline, Morgan Stanley, GE Capital, Enterprise Inns and a bond issued specifically for this new service by Royal Bank of Scotland. Investors can see prices on-screen, and trade in increments f...