UK Sells GBP3.5 Billion in January 2033 Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 3.5 billion pounds ($4.40 billion) in January 2033 dated gilts at an auction on Tuesday, it said.

The following are results of the auction, with amounts in GBP. Figures in brackets are data from the previous auction, held on May 10, 2023.

 
Issue              3.25% Jan 31 2033 gilt 
Amount on offer    3.5 bln 
Bids received      8.1 bln 
Bids accepted      3.5 bln 
Bid-to-cover ratio 2.33    (2.81) 
Average yield      4.351%  (3.849%) 
Average price      91.41   (95.17) 
Maximum yield      4.361%  (3.850%) 
Settlement date    June 14, 2023 
 

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(END) Dow Jones Newswires

06-13-23 0529ET