By Miriam Mukuru


The U.K's Debt Management Agency sold 3 billion pounds ($3.65 billion) in January 2038 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 July 25. 


Issue              3.75% Jan 29 2038 gilt 
Amount on offer    3.0 bln 
Bids received      8.9 bln 
Bids accepted      3.0 bln 
Bid-to-cover ratio 2.97    (2.56) 
Average yield      4.871%  (4.447%) 
Average price      88.57   (92.61) 
Maximum yield      4.875%  (4.458%) 
Settlement date    October 26, 2023

Write to Miriam Mukuru at miriam.mukuru@wsj.com


(END) Dow Jones Newswires

10-25-23 0525ET