U.K. Sells GBP3.75Bln in January 2034 Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 3.75 billion pounds ($4.74 billion) in January 2034-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 12.

Issue              4.625% Jan. 31 2034 gilt 
Amount on offer    3.75 bln 
Bids received      12.5 bln 
Bids accepted      3.75 bln 
Bid-to-cover ratio 3.33    (3.61) 
Average yield      4.015%  (3.927%) 
Average price      104.9   (105.67) 
Maximum yield      4.022%  (3.929%) 
Settlement date    April 05, 2024 
 

Write to Miriam Mukuru at [e-mail]

(END) Dow Jones Newswires

04-04-24 0530ET