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APF SALES: GBP650mln of Long-Dated Gilts

BOE
  • GBP650mln bids accepted, vs total bids received GBP864.2mln
  • Bid-to-cover ratio of 1.33x (note inaugural long-dated operation was Jan 30, 1.65x)
  • Most bids were accepted; the biggest gap was for the 1.625% Oct-71 Gilt for which GBP226.9mln in bids were received, vs GBP36.1mln accepted

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