Chip stocks fall with Nvidia after data center rev disappointment
LONDON - The United Kingdom (TADAWUL:4280) Debt Management Office (DMO) completed an auction of £1.7 billion ($2.2 billion) of 1⅛% Index-linked Treasury Gilt 2035 on Tuesday, with strong demand from investors.
The auction saw bids totaling £5.687 billion, making it 3.35 times oversubscribed. The gilt was sold at a real clean price of £95.668, corresponding to a real yield of 1.588%.
Competitive bids accepted at the striking price were allotted 43% of the amount bid for, while bids above the striking price were allotted in full. Bids below the striking price were rejected.
Of the total amount, £1.445 billion was allotted to competitive bids, while £255 million was allocated to non-competitive bids from Gilt-edged Market Makers.
The DMO noted that an additional amount of up to £425 million of the stock will be made available to successful bidders for purchase at the non-competitive allotment price.
The inflation-adjusted clean price was calculated at £98.560044, using an index ratio of 1.03023.
The gilt, which has the ISIN code GB00BT7HZZ68, will be credited to successful bidders’ CREST accounts through member-to-member deliveries on the relevant settlement date.
Index-linked gilts differ from conventional gilts as both the interest payments and principal are adjusted in line with the UK Retail Prices Index, offering investors protection against inflation.
This information is based on a press release statement from the UK Debt Management Office.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.