By Miriam Mukuru
The U.K's Debt Management Agency sold 2.25 billion pounds ($2.87 billion) in October 2043 dated gilts at an auction on Tuesday, it said.
The following are results of the auction, with amounts in GBP. This is the first sale since its launch via syndication on November 15, 2023.
Issue 4.75% Oct 22 2043 gilt Amount on offer 2.25 bln Bids received 8.14 bln Bids accepted 2.25 bln Bid-to-cover ratio 3.62 Average yield 4.391% Average price 104.71 Maximum yield 4.393% Settlement date January 10, 2024
Write to Miriam Mukuru at miriam.mukuru@wsj.com
(END) Dow Jones Newswires
01-09-24 0527ET