By Laura Contemori – ROME (Econostream) – The UK Debt Management Office (DMO) on Wednesday allotted £1.60 billion of the 1⅛% Index-Linked Treasury Gilt 2035.

The DMO sold the gilt maturing in 2035 at a real yield of 1.515% and a real clean price of £96.630, equivalent to an inflation-adjusted clean price of £101.776514 based on an index ratio of 1.05326.

Total bids amounted to £5.353 billion, resulting in a bid-to-cover ratio of 3.35.

Competitive bids accepted at the striking price were allotted 14.2857% of the amount bid, while bids above the striking price were allotted in full and bids below it were rejected.

Of the total amount sold, £1.360 billion was allotted to bids and £240 million to non-competitive bids.

The DMO said an additional amount of up to £400 million of the stock will be available to successful bidders for purchase at the non-competitive allotment price.