Dec 28 2018
Quarterly Government Debt Management Prospect

First quarter 2019

  • In Q1, benchmark Treasury bonds will be offered for sale in the amount of 8-12 b.kr. market value.[1]
  • It is planned to issue Treasury bonds in the following series: RIKB 25 0612 and RIKB 26 0216.

[1]The sale price or market value refers to the clean price plus accrued indexation; i.e., with indexation but without accrued interest.

GDM Q1 Prospect 2019.pdf

More news

Mar 14 2019
Primary Dealers
Signing of Agreements with Primary Dealers

Today the Government Debt Management on behalf of the Treasury and primary dealers signed agreements regarding Issuance and Market Making in Treasury securities. The objective of the agreements is to maintain the Treasury’s access to financing and to enhance price formation in the secondary market for Treasury securities.

As of 1 April 2019, four financial institutions have been appointed as “primary dealers in Treasury securities”. They are: Arion Banki hf., Islandsbanki hf., Kvika banki hf. and Landsbankinn hf.

Press release (pdf)
Sample of Agreement (pdf)

Results of additional issuance of indexed Treasury bonds RIKS 26 0216

As stated in paragraph 5 of Terms of Invitation to Tender for Treasury bonds, the Government Debt Management offered the equivalent of 10% of the nominal value sold in the auction 21 February, at the price of accepted bids. This time Primary Dealers did not exercise their right to purchase in RIKS 26 0216. Total outstanding nominal value of RIKS 26 0216 is now 14,462,700,000 kr. Settlement date is 26 February 2019.