UK Sells GBP3.5 Billion in January 2027 Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 3.5 billion pounds ($4.30 billion) in January 2027 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 February 7.

Issue              4.125% Jan 29 2027 gilt 
Amount on offer    3.5 bln 
Bids received      7.9 bln 
Bids accepted      3.5 bln 
Bid-to-cover ratio 2.27    (2.36) 
Average yield      3.746%  (3.351%) 
Average price      101.34  (102.85) 
Maximum yield      3.751%  (3.358%) 
Settlement date    March 23, 2023 

Write to Miriam Mukuru at [e-mail]

(END) Dow Jones Newswires

03-22-23 0758ET