UK Sells GBP2 Billion in October 2053 Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 2 billion British pounds ($2.51 billion) in October 2053 dated gilts at an auction on Wednesday, it said.

The following are results of the auction, with amounts in pounds. Figures in brackets are data from the previous auction, held on Nov. 28, 2023.

Issue              3.75% Oct 22 2053 gilt 
Amount on offer    2.0 bln 
Bids received      5.4 bln 
Bids accepted      2.0 bln 
Bid-to-cover ratio 2.70    (2.34) 
Average yield      4.430%  (4.664%) 
Average price      88.80   (85.33) 
Maximum yield      4.435%  (4.680%) 
Settlement date    December 14, 2023 
 

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(END) Dow Jones Newswires

12-13-23 0524ET