UK slashes bond issuance plans for 2021/22 financial year


LONDON, April 23 (Reuters) - Britain said on Friday it now plans to issue 252.6 billion pounds ($350 billion) of government bonds in the 2021/22 financial year, a 43.3 billion pounds cut to its previous estimate published in March.

The reduction came after data showed British government borrowing for the previous 2020/21 year came in considerably lower than previous official forecasts.

The Debt Management Office stuck to its plan to raise net sales of T-bills by 1.8 billion pounds.

($1 = 0.7218 pounds)

(Reporting by Andy Bruce; editing by Guy Faulconbridge)

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