UK Sells GBP2 Billion in July 2053 Green Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 2 billion pounds ($2.54 billion) in July 2053 dated green 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 Feb. 22, 2023.

 
Issue              1.5% July 31 2053 green gilt 
Amount on offer    2.0 bln 
Bids received      5.3  bln 
Bids accepted      2.0 bln 
Bid-to-cover ratio 2.64    (2.42) 
Average yield      4.387%  (4.018%) 
Average price      52.04   (56.00) 
Maximum yield      4.390%  (4.024%) 
Settlement date    July 5, 2023 
 

Write to Miriam Mukuru at [e-mail]

(END) Dow Jones Newswires

07-04-23 0529ET