UK DMO Sells Stg1.25bln 0.125% 2029 IL At Real Yield -0.108%
LONDON (MNI) - The UK's Debt Management Office announced Tuesday that it sold Stg1.25 billion of the 0.125% Mar 2029 index-linked gilt, with a cover of 1.83 times and a real yield -0.108%.
The total bids received were Stg2.2993 billion, of which Stg1.135 billion were allotted to competitive accounts.
The DMO said that the nominal amount of post-auction options available is up to Stg125 million.
This is the third tap following its launch via syndication on Nov 22 and takes the total amount outstanding to E7.475 billion.
The last tap on Apr 19 for Stg1.35 billion was then covered 1.70 times and sold at a real yield of -0.045%.
The DMO is planning to sell Stg164.4 billion in Gilt this financial year.
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