UK Sells GBP3.5B in January 2033 Gilt

By Miriam Mukuru

 
The U.K’s Debt Management Agency sold 3.5 billion British pounds ($4.46 billion) in January 2033-dated gilts at an auction on Wednesday, it said.
 
The following are results of the auction, with amounts in pounds. Figures in brackets are data from the previous auction, held on July 12, 2023.
      

      
Issue 3.25% Jan 31 2033 gilt Amount on offer 3.5 bln Bids received 9.1 bln Bids accepted 3.5 bln Bid-to-cover ratio 2.6 (2.75) Average yield 4.350% (4.595%) Average price 91.53 (89.70) Maximum yield 4.358% (4.598%) Settlement date Aug 10, 2023
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