By Miriam Mukuru

The U.K's Debt Management Agency sold 3 billion pounds ($3.43 billion) in January 2032-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 Sept. 7, 2022.

Issue              1% Jan 31 2032 gilt 
Amount on offer    3 bln 
Bids received      7.507 bln 
Bids accepted      3 bln 
Bid-to-cover ratio 2.5 (2.4) 
Average yield      4.123% (3.088%) 
Average price      76.04 (83.08) 
Settlement date    Thursday, October 6 
 

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

(END) Dow Jones Newswires

October 05, 2022 05:31 ET (09:31 GMT)