UK Sells GBP3.25 Billion in January 2033 Gilt

By Miriam Mukuru

The U.K's Debt Management Office sold 3.25 billion British pounds ($4.06 billion) in January 2033 dated gilts at an auction on Thursday, it said.

The following are results of the auction, with amounts in GBP. Figures in brackets are data from the previous auction, held on March 14, 2023.

Issue              3.25% Jan 31 2033 gilt 
Amount on offer    3.25 bln 
Bids received      9.87  bln 
Bids accepted      3.25 bln 
Bid-to-cover ratio 3.04    (2.42) 
Average yield      3.592%  (3.495%) 
Average price      97.19   (97.96) 
Maximum yield      3.594%  (3.499%) 
Settlement date    April 14, 2023 
 

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(END) Dow Jones Newswires

04-13-23 0525ET