June 29, 2020 / 6:53 AM / 12 days ago

UK plans to raise 275 billion pounds of debt from April through Aug

LONDON, June 29 (Reuters) - Britain said on Monday it planned to raise at least 275 billion pounds ($340 billion) of government debt from April until the end of August, up by around 50 billion pounds from a previous estimate for the April to July period.

Britain’s government is ramping up bond issuance to pay for a surge in borrowing to fund its response to the coronavirus pandemic. ($1 = 0.8080 pounds) (Reporting by Andy Bruce Editing by William Schomberg)

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