UK Sells GBP4 Billion in June 2028 Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 4 billion British pounds ($5.03 billion) in June 2028 dated gilts at an auction on Wednesday, it said.

The following are results of the auction, with amounts in GBP. Figures in brackets are data from the previous auction, held on July 19.

Issue              4.5% June 7 2028 gilt 
Amount on offer    4.0 bln 
Bids received      9.9  bln 
Bids accepted      4.0 bln 
Bid-to-cover ratio 2.47    (2.19) 
Average yield      4.803%  (4.575%) 
Average price      98.72   (99.67) 
Maximum yield      4.809%  (4.595%) 
Settlement date    September 7, 2023 
 

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(END) Dow Jones Newswires

09-06-23 0523ET