UK Sells GBP900 Million in March 2051 Index-Linked Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 900 million pounds ($1.144 billion) in March 2051 dated index-linked gilts at an auction on Tuesday, 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. 8, 2023.

Issue              0.125% March 22 2051 Index-linked gilt 
Amount on offer    900  mln 
Bids received      2.8  bln 
Bids accepted      900  mln 
Bid-to-cover ratio 3.10   (3.18) 
Real yield         1.333% (1.314%) 
Price              72.56  (72.73) 
Settlement date    Jan 31, 2024 

Write to Miriam Mukuru at [e-mail]

(END) Dow Jones Newswires

01-30-24 0527ET