UK Sells GBP2.5 Billion in January 2039 Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 2.5 billion British pounds ($3.17 billion) in January 2039 dated gilts at an auction on Tuesday, it said.

The following are results of the auction, with amounts in GBP. Figures in brackets are data from the previous auction, held on April 4.

 
Issue              1.125% Jan. 31 2039 gilt 
Amount on offer    2.5 bln 
Bids received      6.3 bln 
Bids accepted      2.5 bln 
Bid-to-cover ratio 2.51    (2.58) 
Average yield      4.786%  (3.780%) 
Average price      60.33   (68.60) 
Maximum yield      4.795%  (3.782%) 
Settlement date    Aug. 16, 2023 
 

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(END) Dow Jones Newswires

08-15-23 0539ET