U.K. Sells GBP4 Billion in June 2028 Gilt
24 January 2024 - 10:10PM
Dow Jones News
By Miriam Mukuru
The U.K.'s Debt Management Agency sold 4 billion pounds ($5.07
billion) in June 2028 dated gilts at an auction on Wednesday, it
said.
The following are results of the auction, with amounts in GBP.
Figures in brackets are data from the previous auction, held on
Dec. 12, 2023.
Issue 4.5% June 7 2028 gilt
Amount on offer 4.0 bln
Bids received 11.4 bln
Bids accepted 4.0 bln
Bid-to-cover ratio 2.86 (2.53)
Average yield 3.946% (4.041%)
Average price 102.19 (101.86)
Maximum yield 3.958% (4.049%)
Settlement date Jan. 25, 2024
Write to Miriam Mukuru at miriam.mukuru@wsj.com
(END) Dow Jones Newswires
January 24, 2024 05:55 ET (10:55 GMT)
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