News

Treasury Bill Auction Announcement RIKV 20 0205
Series RIKV 20 0205
ISIN IS0000031292
Maturity Date 05.02.2020
Auction Date 27.06.2019
Settlement Date 01.07.2019

On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bills in the Series, with the ISIN number and with the Maturity Date according to the table above. Payments for the Treasury Bills must be received by the Central Bank before 14:00 on the Settlement Date, and the Bills will be delivered in electronic form on the same day.

Further reference is made to the General Terms of Icelandic Treasury bills and General Terms of Auction for Treasury bills on the Government Debt Management website.

For further information please contact Oddgeir Gunnarsson, Government Debt Management, at +354 569 9635.

Jun 13 2019
Bond News
Republic of Iceland issues a new Eurobond at the lowest yields in the Republic´s history

The Republic of Iceland has today concluded agreements on issuance of bonds totalling EUR 500 million, or the equivalent of ISK 71 billion.  

The bonds bear fixed interest of 0.1% and have a 5-year maturity, with a yield of 0.122%. This is the lowest yield in the history of the Republic. Investors showed strong interest in the issue, with total subscriptions around EUR 2,5 billion or five times the size of the issue.  The broad-based investor group is comprised of central banks and other institutional investors, mainly from Europe. Barclays, JP Morgan, Morgan Stanley and Nomura were joint managers for the issue.

Yesterday an offer of buy back of existing bonds of 750 million euros issued in 2014 expired. Owners of 60.5 million euros accepted the offer, in addition to those 398 million already tendered in December 2017. Owners that wished for got a priority allocation in the new bond.

Statistics

Date Event

Month

Actual

Last

Source

05.15 Unemployment APR 3.7% 3.2% VMS
04.30 Expectations Index APR 96.9 91.6 Gallup
04.29 CPI - (YoY) APR 3.3% 2.9% STI
03.20 Central Bank Policy Rate (7-day term deposits) MAR 4.50% 4.50% CB
10.23 Wage Index (MoM) SEP 0.6% -0.1% STI
10.23 Wage Index (YoY) SEP 5.9% 6.0% STI
10.19 Building Cost Index (YoY) NOV 3.8% 3.8% STI
10.10 International Reserves of the CB OCT 703.3B 684.4B CB

Upcoming events

Jun
27

Auction of Treasury Bonds

Jun
28

Balance of Trade

Jul
5

Auction of Treasury Bills

Auctions

Source GDM
 
Time of close
 
Series
 Actual
Last
auction
Target
amount
Actual
amount
 
Source
11:00 10.05.2019
RIKB 28 1115 4.26% 4.42% Open 1,000m GDM
11:00 29.04.2018
RIKV 19 1115 4.35% 4.56% Open 3,883m GDM
Non-indexed Movement Price Yield
RIKB 20 0205 101.41 3.81
RIKB 22 1026 110.53 3.81
RIKB 25 0612 121.65 3.86
RIKB 28 1115 108.00 3.96
RIKB 31 0124 123.18 3.96
Indexed Movement Price Yield
RIKS 21 0414 105.00 0.97
HFF150224 106.20 1.17
RIKS 26 0216 104.50 0.80
RIKS 30 0701 125.25 0.84
HFF150434 121.55 0.99
HFF150644 136.70 1.00
Current Value 468.00
12 Months Change* 3.59%
3 Months Change* 4.48%
Last Month Change 0.21%
Daily CPI 468.00
* Annualized rates

News from Statistics Iceland