UK sells £4.25bn treasury bonds for 2028 by Investing.com

LONDON – The UK’s Debt Management Office (DMO) has successfully completed the auction of £4,250 million of 4⅜% 2028 Treasury bonds. The auction, which took place on Thursday, resulted in competitive bids totaling £13,597.5 million, covering the amount offered 3.20 times the amount offered. .

The highest acceptable price for gold was £99,990 with a corresponding yield of 4.378%, while the lowest acceptable price was £99,967, with a corresponding yield of 4.386%. The non-competitive allotment price, which represents the rounded average accepted price, was set at £99,974 with a yield of 4.384%.

Bidders who submitted competitive bids at the lowest acceptable price were allocated 90.5099% of the amount they offered, while those who submitted bids higher than the lowest acceptable price received the full allocation. Any bids below the lowest acceptable price will be rejected.

In addition, the Debt Management Office (DMO) announced that an additional amount of stock, up to £1,062.5 million, will be available for purchase at the non-competitive allotment price by successful bidders, in line with the terms set out in the Information Memorandum.

CREST Members who are allocated Shares will be credited to their accounts on the Settlement Date through member-to-member deliveries.

This information is based on a press release issued by the UK Debt Management Office.

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