UK Sells GBP3.75 Billion in New January 2034 Gilt

By Miriam Mukuru

The U.K.'s Debt Management Office sold 3.75 billion British pounds ($4.61 billion) in new January 2034 dated gilts at an auction on Wednesday, it said. The following are results of the auction, with amounts in GBP.

Issue              4.625% Jan 31 2034 gilt 
Amount on offer    3.75 bln 
Bids received      11.7 bln 
Bids accepted      3.75 bln 
Bid-to-cover ratio 3.12 
Average yield      4.444% 
Average price      101.49 
Maximum yield      4.449% 
Settlement date    Oct 12, 2023 
 

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(END) Dow Jones Newswires

10-11-23 0601ET