U.K. Sells 1.25 Billion Pounds in January 2028 Gilt in Programmatic Tender

By Miriam Mukuru

The U.K.'s Debt Management Office sold 1.25 billion pounds ($1.69 billion) in January 2028-dated gilts at a programmatic tender on Tuesday, it said.

The following are results of the tender, with amounts in pounds. Figures in brackets are data from the previous tender of this bond, held on May 15.

Issue              0.125% January, 2028 gilt 
Amount on offer    1.25 bln 
Bids received      4.80 bln 
Bids accepted      1.25 bln 
Bid-to-cover ratio 3.84    (3.52) 
Average yield      3.783%  (3.768%) 
Average price      91.97    (90.69) 
Maximum yield      3.787%  (3.775%) 
Yield Tail         0.4Bps   (0.7Bps) 
Settlement date    Oct. 8, 2025 
 

Write to Miriam Mukuru at miriam.mukuru@wsj.com