By Miriam Mukuru


The U.K's Debt Management Agency sold 4 billion pounds ($5.08 billion) in new March 2027-dated gilts at an auction on Wednesday, it said.

The following are results of the auction, with amounts in GBP.


Issue              3.75% March 7 2027 gilt 
Amount on offer    4.0  bln 
Bids received      13.8 bln 
Bids accepted      4.0  bln 
Bid-to-cover ratio 3.44 
Average yield      3.887% 
Average price      99.59 
Maximum yield      3.889% 
Settlement date   Jan 11, 2024 
 

Write to Miriam Mukuru at miriam.mukuru@wsj.com


(END) Dow Jones Newswires

01-10-24 0527ET