UK gilts attracted £110.7bn worth of orders during a gilt auction on Tuesday (3 September), as investors rushed to snag deals on bonds following a rally over the summer.
Tuesday's transaction was the fourth of seven syndicates planned by the UK's Debt Management Office, with proceeds from this round of sales expected to total approximately £8bn, taking the proceeds for the financial year to date from the entire syndicate process to £29.6bn. Jessica Pulay, CEO of the DMO, said she was "delighted" with the reaction from the market, adding that it "received a very strong reception from the market". interactive investor unlocks retail investor access to UK Treasury Bill market The debt has a coupon of 4.375% and is set to mature in January 2040, a re...
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