UK Sells GBP2.25 Billion in October 2043 Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 2.25 billion pounds ($2.87 billion) in October 2043 dated gilts at an auction on Tuesday, it said.

The following are results of the auction, with amounts in GBP. This is the first sale since its launch via syndication on November 15, 2023.

Issue              4.75% Oct 22 2043 gilt 
Amount on offer    2.25 bln 
Bids received      8.14  bln 
Bids accepted      2.25 bln 
Bid-to-cover ratio 3.62 
Average yield      4.391% 
Average price      104.71 
Maximum yield      4.393% 
Settlement date    January 10, 2024 
 

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(END) Dow Jones Newswires

01-09-24 0527ET