News

Switch auction of nominal bonds RIKB 20 0205

On Friday, 18 May at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds. 

In this auction nominal bonds RIKB 20 0205 will be offered. The total amount of accepted bids will be announced after the auction. 

NOTE it is only possible to purchase bonds in RIKB 20 0205 with the sale of RIKB 19 0226, which matures on 26 February 2019. Government Debt Management will purchase RIKB 19 0226 at a pre-determined price – that is, at a clean price of 103.090 (105.151644 with accrued interest per 100 nominal value) – with settlement on 23 May 2018. To clarify, this price is equivalent to 4.50% yield. The value of the bond, together with accrued interest, will constitute payment for the new issued bonds. 

Given the size of RIKB 20 0205, investors are encouraged to take advantage of this opportunity to participate in the switch auction and acquire RIKB 20 0205.

Press release(pdf)
Terms of Swichoperation (pdf)

Statistics

Date Event

Month

Actual

Last

Source

03.26 CPI - (YoY) MAR 2.8% 2.3% STI
03.13 Unemployment FEB 2.4 2.4% VMS
03.13 Credit Card Purchases (YoY) FEB 5.9% 6.1% CB
03.12 International Reserves of the CB FEB 667,2B 670,8B CB
03.14 Central Bank Policy Rate (7-day term deposits) MAR 4.25% 4.25% CB
03.01 New car registration (MoM) FEB 1,279 1,840 BGS
02.28 Balance of Trade(ISK) JAN -5,7B -178,2B STI
02.27 Expectations Index FEB 112.5 121.5 Capacent
02.22 Wage Index (MoM) JAN 0.4% 0.2% STI
02.22 Wage Index (YoY) JAN 7.3% 6.91% STI
02.19 Building Cost Index (YoY) FEB 5.1% 5.1% STI

Upcoming events

May
29

CPI announcement

May
31

Balance of Trade

Jun
12

Internationals Reserves of the CB

Auctions

Source GDM
 
Time of close
 
Series
 
Actual
Last
auction
Target
amount
Actual
amount
 
Source
11:00 01.26.2018
RIKB 22 1026 4.84% 4.97% Open 3,345m GDM
11:00 01.25.2018
RIKV 18 0416 4.20% 4.20% Open 2,230m GDM
Non-indexed Movement Price Yield
RIKV 18 0615 99.77 3.86
RIKV 18 0807 99.13 4.24
RIKV 18 0815 99.00 4.28
RIKB 19 0226 103.05 4.54
RIKB 20 0205 102.13 4.90
RIKB 22 1026 108.25 5.11
RIKB 25 0612 116.30 5.18
RIKB 28 1115 97.56 5.31
RIKB 31 0124 110.90 5.29
Indexed Movement Price Yield
RIKS 21 0414 104.95 2.02
HFF150224 104.60 2.20
RIKS 30 0701 113.85 1.95
HFF150434 113.70 2.04
HFF150644 121.60 2.05
Current Value 452.20
12 Months Change* 2.28%
3 Months Change* 4.92%
Last Month Change 0.04%
Daily CPI 452.20
* Annualized rates

News from Statistics Iceland