U.K. Sells GBP4Bln in July 2029 Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 4 billion pounds ($5.08 billion) in July 2029 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 April 30, 2024.

Issue              4.125% July 22 2029 gilt 
Amount on offer    4.0   bln 
Bids received      12.8  bln 
Bids accepted      4.0   bln 
Bid-to-cover ratio 3.20    (3.21) 
Average yield      4.199%  (4.251%) 
Average price      99.66   (99.42) 
Maximum yield      4.205%  (4.259%) 
Settlement date    May 23, 2024 
 

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(END) Dow Jones Newswires

05-22-24 0524ET