Bank of England sells 1.5 billion pounds of gilts

By:

Published: Nov 30, 2022, 16:06 UTC

LONDON (Reuters) - The Bank of England said on Wednesday it had sold 1.5 billion pounds ($1.79 billion) of index-linked and long-dated gilts to investors, a significant step up from the 346 million pounds it sold at its first such sale on Tuesday.

People walk outside the Bank of England in London

LONDON (Reuters) – The Bank of England said on Wednesday it had sold 1.5 billion pounds ($1.79 billion) of index-linked and long-dated gilts to investors, a significant step up from the 346 million pounds it sold at its first such sale on Tuesday.

The BoE is seeking to sell off more than 19 billion pounds of long-dated and index-linked gilts it bought from Sept. 28 to Oct. 14 in an operation aimed at restoring financial market stability.

The BoE said it received bids worth 1.907 billion pounds on Wednesday, up from 481 million pounds the day before.

($1 = 0.8373 pounds)

(Reporting by David Milliken, Editing by Kylie MacLellan)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: