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LONDON - The United Kingdom Debt Management Office (DMO) has completed the sale of £1.5 billion of 0⅜% Treasury Gilt 2030 through a tender process, according to a press release issued Thursday.
The sale attracted strong demand with total bids reaching £4.45 billion, making the auction 2.97 times oversubscribed. Competitive bids accepted at the lowest price were allotted 77.5% of the amount requested, while bids at higher prices were fulfilled in full.
The accepted bids ranged in price from £84.603 to £84.643, corresponding to yields between 3.801% and 3.791%. The average accepted price was £84.623, translating to a yield of 3.796%.
The auction had a tail of 0.5 basis points, calculated as the difference between the yield at the lowest accepted price and the yield at the average accepted price.
Following this issuance, the total amount in circulation for this particular gilt will increase to £41.32 billion nominal from October 31, 2025.
The DMO stated that stock allotted to members of CREST will be credited to their accounts through member-to-member deliveries on the relevant settlement date.
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