By Miriam Mukuru
The U.K. Debt Management Office issued GBP6 billion ($7.63 billion) in a 4.375% July 2054 gilt via a syndication on Tuesday.
The sale was priced at GBP96.808 per GBP100 nominal, equating to a gross redemption yield of 4.5699%, the DMO said.
Proceeds from the sale are expected to reach approximately GBP5.8 billion. Total orders were GBP77.8 billion nominal.
U.K. domestic investors dominated the market, taking 87% of the allocations.
The final syndication in the DMO's program for 2023-24 is scheduled to be for an index-linked gilt in March 2024, subject to demand and market conditions, the DMO said.
Write to Miriam Mukuru at miriam.mukuru@wsj.com
(END) Dow Jones Newswires
01-23-24 1219ET