By Miriam Mukuru

The U.K's Debt Management Agency sold 4 billion British pounds ($4.97 billion) in October 2025 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 May 3, 2023.

Issue              3.5% Oct. 22 2025 gilt 
Amount on offer    4.0 bln 
Bids received      9.4 bln 
Bids accepted      4.0 bln 
Bid-to-cover ratio 2.34    (2.56) 
Average yield      4.874%  (4.121%) 
Average price      96.95   (98.56) 
Maximum yield      4.880%  (4.127%) 
Settlement date    June 8, 2023 
 

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

(END) Dow Jones Newswires

June 07, 2023 05:29 ET (09:29 GMT)