News

Feb 21 2018
Bond News
Switch auction of nominal bonds RIKB 22 1026 & RIKB 28 1115

On Friday, 23 February at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds. 

In this auction nominal bonds RIKB 22 1026 and RIKB 28 1115 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 22 1026 and in RIKB 28 1115 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 104.193 (104.240945 with accrued interest per 100 nominal value) – with settlement on 28 February 2018. To clarify, this price is equivalent to 4.35% yield. The value of the bond, together with accrued interest, will constitute payment for the new issued bonds.

Press release(pdf) 

Terms of Swichoperation (pdf)

Statistics

Date Event

Month

Actual

Last

Source

02.19 Building Cost Index (YoY) FEB 5.1% 5.1% STI
02.13 Unemployment JAN 2.24 2.2% VMS
02.13 Credit Card Purchases (YoY) JAN 6.1% 4.2% CB
02.12 International Reserves of the CB JAN 670,8B 686,1B CB
02.07 Central Bank Policy Rate (7-day term deposits) FEB 4.25% 4.25% CB
02.01 New car registration (MoM) JAN 1,840 1,093 BGS
01.31 Balance of Trade(ISK) DEC -178,3B -151,9B STI
01.30 Expectations Index JAN 121.5 137.0 Capacent
01.29 CPI - (YoY) JAN 2.4% 1.9% STI
01.24 Wage Index (MoM) DEC 0.2% 0.1% STI
01.24 Wage Index (YoY) DEC 6.9% 7.1% STI

Upcoming events

Feb
27

CPI announcement

Feb
28

Balance of Trade

Mar
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 0315 99.79 3.61
RIKV 18 0416 99.41 4.03
RIKV 18 0515 99.07 4.14
RIKV 18 0615 98.70 4.21
RIKB 19 0226 104.20 4.41
RIKB 20 0205 102.61 4.82
RIKB 22 1026 109.46 4.93
RIKB 25 0612 117.72 5.03
RIKB 28 1115 98.07 5.24
RIKB 31 0124 111.45 5.26
Indexed Movement Price Yield
RIKS 21 0414 106.10 1.78
HFF150224 105.55 2.02
RIKS 30 0701 114.31 1.94
HFF150434 114.00 2.01
HFF150644 122.45 2.01
Current Value 446.80
12 Months Change* 2.36%
3 Months Change* 0.09%
Last Month Change -0.09%
Daily CPI 446.80
* Annualized rates