U.K. Chancellor George Osborne aims to launch a 100-year debt issue to "lock in" the benefits of...

|By:, SA News Editor

U.K. Chancellor George Osborne aims to launch a 100-year debt issue to "lock in" the benefits of Britain’s low borrowing costs. Also being considered is a perpetual gilt that never matures. Investor reaction has been mixed, with investors attracted by the idea of a long-term, fixed-interest, safe security but reluctant to get into bed with such low yields.