TABLE — UK 2036 gilt auction covered 3.34 times

LONDON, Sept 29 (Reuters) — Britain sold 4.25 billion pounds of conventional gilts — due 2036 on Tuesday. Result Of Stg 4.25 Bln 4.875% Conventional Gilt Due 2036 (Prev) (Prev) (Aug 18, 2026) (Aug 18, 2026) LOWEST ACCEPTED PRICE 96.115 (97.828) YIELD 5.388% (5.156%) NON-COMPETITIVE PRICE 96.154 (97.837) YIELD 5.383% (5.155%) HIGHEST ACCEPTED PRICE 96.192 (97.860) YIELD 5.378% (5.152%) BID TO COVER 3.34 (3.65) YIELD TAIL 0.5 bps (0.1 bps) PRICE TAIL 3.9 ticks (0.9 ticks) TOTAL BIDS RECEIVED 14,215.500 MLN (14,596.000 MLN) Competitive Bids Allotted 3,612.500 Mln (3,399.997 Mln) % ALLOTTED AT LOWEST ACCEPTED PRICE 55.0000% (23.7062%) Non-competitive Bids Allotted: GEMMS STG 637.500 MLN (600.000 MLN) OTHER STG 0.000 MLN (0.003 MLN) (UK Economics Desk; uk.economics@reuters.com; +44 20 7542 5109)