U.K. Sells GBP2.25 Billion in October 2043 Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 2.25 billion pounds ($2.86 billion) in October 2043 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 April 9, 2024.

 
Issue              4.75% Oct 22 2043 gilt 
Amount on offer    2.25 bln 
Bids received      8.27 bln 
Bids accepted      2.25 bln 
Bid-to-cover ratio 3.67    (3.67) 
Average yield      4.580%  (4.495%) 
Average price      102.16  (103.29) 
Maximum yield      4.584%  (4.496%) 
Settlement date    May 22, 2024 
 

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(END) Dow Jones Newswires

05-21-24 0526ET