UK Sells GBP3.75 Billion in New June 2028 Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 3.75 billion British pounds ($4.79 billion) in new June 2028 dated gilts at an auction on Tuesday, it said.

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

Issue              4.5% June 7 2028 gilt 
Amount on offer    3.75 bln 
Bids received      8.96  bln 
Bids accepted      3.75 bln 
Bid-to-cover ratio 2.39 
Average yield      4.932% 
Average price      98.12 
Maximum yield      4.939% 
Settlement date    June 21, 2023 
 

Write to Miriam Mukuru at [e-mail]

(END) Dow Jones Newswires

06-20-23 0524ET