U.K. Sells GBP2.5 Billion in July 2053 Green Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 2.5 billion pounds ($3.13 billion) in July 2053-dated green 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 Oct. 3, 2023.

Issue              1.5% July 31 2053 gilt 
Amount on offer    2.5 bln 
Bids received      7.6 bln 
Bids accepted      2.5 bln 
Bid-to-cover ratio 3.05    (2.83) 
Average yield      4.565%  (4.936%) 
Average price      50.60   (46.64) 
Maximum yield      4.568%  (4.946%) 
Settlement date    Feb 07, 2024 
 

Write to Miriam Mukuru at [e-mail]

(END) Dow Jones Newswires

02-06-24 0530ET