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DMO sells GBP2.25bln nominal...>

GILT AUCTION RESULTS
GILT AUCTION RESULTS: DMO sells GBP2.25bln nominal of 0.625% Oct-50 Gilt (first
auction after syndicated launch):
- Avg yld 0.668% (0.760%), bid-to-cover 1.68x, tail 1.1bps, price 98.828
(96.340).
- Pre-auction mid-price 98.756
- An additional GBP750mln will be available through the PAOF to successful
bidders until 13:00BST.
WEAK AUCTION! First tail over 0.4bp for long-dated gilt auction this fiscal year
and first bid-to-cover below 2x for long-dated auction this fiscal year.

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