UK Sells GBP2.5 Billion in October 2053 Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 2.5 billion British pounds ($3.11 billion) in October 2053 dated 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 April 18, 2023.

Issue              3.75% Oct 22 2053 gilt 
Amount on offer    2.5 bln 
Bids received      6.4  bln 
Bids accepted      2.5 bln 
Bid-to-cover ratio 2.58    (2.50) 
Average yield      4.478%  (4.083%) 
Average price      87.98   (94.22) 
Maximum yield      4.483%  (4.085%) 
Settlement date    June 7, 2023 
 

Write to Miriam Mukuru at [e-mail]

(END) Dow Jones Newswires

06-06-23 0526ET