U.K. Sells 4.75 Billion Pounds in March 2032 Gilt

By Miriam Mukuru

The U.K.'s Debt Management Office sold 4.75 billion pounds ($6.35 billion) in March 2032-dated gilts at an auction on Tuesday, it said.

The following are results of the auction, with amounts in pounds. Figures in brackets are data from the previous auction, held on Aug. 4.

Issue              4.625% Mar. 7, 2032 gilt 
Amount on offer    4.75 billion 
Bids received      14.6 billion 
Bids accepted      4.75 billion 
Bid-to-cover ratio 3.07    (3.34) 
Average yield      4.843%  (4.613%) 
Average price      98.95   (100.05) 
Maximum yield      4.847%  (4.615%) 
Settlement date    Sep. 23, 2026 
 

Write to Miriam Mukuru at miriam.mukuru@wsj.com