By Laura Contemori – ROME (Econostream) – The UK Debt Management Office (DMO) on Tuesday allotted £3.25 billion of the 4⅝% Green government bond (Gilt) 2037.

Total bids amounted to £11.794 billion, resulting in a bid-to-cover ratio of 3.63.

The average accepted price was £97.105, corresponding to a yield of 4.975%. The highest accepted price was £97.130, while the lowest accepted price was £97.086, equivalent to a yield of 4.977%.

Of the total amount sold, £2.762 billion was allotted to competitive bids and £487.5 million to non-competitive bids.

The auction tail was 0.2bp.