Feb 10 2015
Issuance of RIKS 33 0321 in foreign exchange auction

Today, 10 February 2015, an auction was held by The Central Bank of Iceland in which the Bank offered to purchase euros versus payment in the indexed Treasury series RIKS 33 0321. This measure is an element in the removal of restrictions on capital account transactions and will reduce the annual Treasury’s refinancing need. Bonds sold in the series amounted to 354,655,174 kr. nominal value.

The accepted exchange rate in the auction was 178 krona for each Euro.

Bids submitted at the price of 178 krona pr. Euro were reduced proportionally by 44.1011%.

On 6 February the fixed price for this Treasury bond was announced as 112.785619 kr. with accrued interest and indexation (e. dirty price) with a settlement date of 13 February 2015 (yield 2.88%)1

1 Clean price being 101.67

More news

Results of additional issuance of RIKB 21 0805

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 11 October, at the price of accepted bids. This time Primary Dealers did exercise their right to purchase in RIKB 21 0805 for 215 m.kr. Total outstanding nominal value of RIKB 21 0805 is now 6,275,000,000 kr. Settlement date is 16 October 2019.

Treasury Bond Auction Announcement - RIKB 21 0805
Series RIKB 21 0805
ISIN IS0000031482
Maturity Date 08/05/2021
Auction Date 10/11/2019
Settlement Date 10/16/2019
10% addition 10/15/2019

On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bonds in the Series, with the ISIN number and with the Maturity Date according to the table above. Payments for the Treasury Bonds must be received by the Central Bank before 14:00 on the Settlement Date, and the Bonds will be delivered in electronic form on the same day. For an additional 10% see Article 6 of the General Terms of Auction Treasury Bonds.

For further information, please refer to the Government Debt Management website, i.e. for the description of the Treasury bond and the General Terms of Auction of Treasury Bonds.

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

Quarterly Government Debt Management Prospect

Fourth quarter 2019

  • In Q4, benchmark Treasury bonds will be offered for sale for up to 7 b.kr. market value.[1]
  • Emphasis will be placed on continued buildup of a new two-year series, RIKB 21 0805.
  • Possible issuance in two series: RIKS 26 0216 and RIKB 28 1115.

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

GDM Q4 Prospect 2019.pdf