UK gets big bid for 2046 tender

UK Union Jack 230x150
By Burhan Khadbai
22 Aug 2019

The UK was over two and half times covered for a tender of long end Gilt on Thursday.

The UK received total bids of £1.27bn for the tender of its £500 4.25% 2046 Gilt. It was priced at 176.650 with a yield of 1.024%.

The sovereign announced the tender operation on Tuesday, after Gilt-Edged Market MMakers (GEMMs) and investors expressed interest in a tender in ...

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