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UK gilt auction oversubscribed

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Date: Tuesday 08 Apr 2008

LONDON (ShareCast) - The UK Debt Management Office said its auction of £1,200m of 1.25% index-linked treasury gilts maturing in 2017 was covered by bids 1.64 times.

Total bids received totalled £1,967m.

All successful bids at the striking price of £100.49 were allocated about 22% of the amount bid for. All bids above the striking price were allocated in full.