UK Sells GBP900 Million in March 2051 Index-Linked Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 900 million pounds ($1.11 billion) in March 2051 dated index-linked 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 Sept. 12.

 
Issue              0.125% March 22 2051 Index-linked gilt 
Amount on offer    900  mln 
Bids received      2.86 bln 
Bids accepted      900  mln 
Bid-to-cover ratio 3.18   (2.54) 
Real yield         1.314% (1.330%) 
Price              72.73  (72.31) 
Settlement date    Nov 9, 2023 
 

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(END) Dow Jones Newswires

11-08-23 0537ET