Debt Management Agency sells 3 billion pounds in green gilt auction

  • U.K. sells GBP3Bln in July 2033 green gilt
  • Debt Management Agency sold 3 billion pounds at auction
  • Bids received exceeded the amount on offer

The U.K’s Debt Management Agency recently conducted an auction, selling 3 billion pounds ($3.78 billion) in July 2033 green gilt. The auction received a significant amount of interest, with bids totaling 10.6 billion pounds. However, only 3 billion pounds worth of bids were accepted, resulting in a bid-to-cover ratio of 3.52. The average yield for the green gilt was 4.072%, with an average price of 75.65. The maximum yield reached 4.078%. The settlement date for the auction is set for May 16, 2024.

Factuality Level: 8
Factuality Justification: The article provides specific details about the auction of 3 billion pounds in green gilt by the U.K’s Debt Management Agency. The information presented is factual and directly related to the main topic without any irrelevant or misleading information.
Noise Level: 2
Noise Justification: The article provides clear and relevant information about the recent auction of green gilt by the U.K’s Debt Management Agency. It includes key details such as the amount sold, bids received, bid-to-cover ratio, average yield, and settlement date. The article stays on topic and does not contain irrelevant or misleading information, earning a low noise level rating.
Financial Relevance: Yes
Financial Markets Impacted: The auction of the U.K’s green gilt may impact the bond market and investors interested in sustainable investments.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification:
Private Companies: U.K’s Debt Management Agency
Key People: Miriam Mukuru (Author)

Reported publicly: www.marketwatch.com