Sep 02 2014
Issuance of RIKS 33 0321 in foreign exchange auction

Today, 2 September 2014, 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 82,122,672 kr. nominal value.

The accepted exchange rate in the auction was 181 krona for each Euro.

On 20 June the fixed price for this Treasury bond was announced as 109.098983 kr. with accrued interest and indexation (e. dirty price) with a settlement date of 5 September 2014 (yield 3.05%)1

1 Clean price being 99.29

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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 Total outstanding nominal value of RIKB 25 0612 is now 91,647,963,000 kr. Settlement date is 30 January 2019.