Feb 06 2015
Bond price for foreign exchange auction

According to an announcement published by the Central Bank of Iceland on 9 December 2014 regarding the Central Bank of Iceland foreign currency auction to be held on 10 February 2015, the Terms of Auction stated that the swap rate for the Bank’s purchase of foreign currency in connection with the sale of Treasury bonds in the series RIKS 33 0321 would be published at the close of business on 6 February 2015. 

It has been decided that the number of Treasury bond units per euro shall be based on the auction price and the fixed price of the Treasury bonds, which is 112.785619 kr. per Treasury bond unit with accrued interest and indexation (dirty price), assuming a settlement date of 13 February 2015 (yield 2.88%).1

The formula is as follows: Swap rate = auction price/(bond price/100).

1 Clean price of 101,67

More news

Results of additional issuance of Treasury bonds RIKB 25 0612

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 25 January, at the price of accepted bids. This time Primary Dealers did exercise their right to purchase in RIKB 25 0612 for 280 m.kr. Total outstanding nominal value of RIKB 25 0612 is now 91,647,963,000 kr. Settlement date is 30 January 2019.