May 24 2018
Auction result of T-bills RIKV 18 1005

Series 
RIKV 18 1005
Settlement Date 
 05/28/2018 
Total Amount Allocated (MM) 
 2,980 
All Bids Awarded At (Price / Simple interest) 
 98.492 
 / 
 4.240 
Total Number of Bids Received 
 7 
Total Amount of All Bids Received (MM) 
 3,080 
Total Number of Successful Bids 
 6 
Number of Bids Allocated in Full 
 6 
Lowest Price / Highest Simple Interest Allocated 
 98.492 
 / 
 4.240 
Highest Price / Lowest Simple Interest Allocated 
 98.506 
 / 
 4.200 
Lowest Price / Highest Simple Interest Allocated in Full 
 98.492 
 / 
 4.240 
Weighted Average of Successful Bids (Price/Simple Interest) 
 98.496 
 / 
 4.229 
Best Bid (Price / Simple Interest) 
 98.506 
 / 
 4.200 
Worst Bid (Price / Simple Interest) 
 98.400 
 / 
 4.503 
Weighted Average of All Bids Received (Price / Simple Interest) 
 98.492 
 / 
 4.240 
Percentage Partial Allocation (Approximate) 
 100.00 % 
Bid to Cover Ratio 
 1.03 

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Moody’s changes Iceland’s outlook to positive from stable and affirms A3 ratings

Moody’s Investors Service ("Moody’s") has today changed the Government of Iceland's sovereign rating outlook to positive from stable and affirmed Iceland’s A3 long-term issuer rating. The government's long-term senior unsecured debt rating of A3 and the (P)A3 and (P)Prime-2 ratings assigned to its medium-term note (MTN) programme have also been affirmed. 

The key drivers for the change in the rating outlook to positive from stable are: 

  1. Improving economic resilience afforeded by net external creditor position, more balanced growth and ongoing strengthening of the country‘s banking system. 
  1. Anticipated further improvement in the government‘s debt metrics beyond what was previously expected. 

The positive outlook also reflects progress made in the past two years on the major preconditions we laid out at the time of the upgrade to A3 in September 2016, including the smooth removal of capital controls and the settlement of the offshore krónur situation.

Report

Result of the purchase of nominal Treasury bond RIKB 19 0226 in switch auction

Switch auction was conducted at Government Debt Management at 11:00 am today, where nominal Treasury bonds in the series RIKB 20 0205 and in RIKB 28 1115 where offered for sale for purchase of RIKB 19 0226.

 

The main result of purchase in RIKB 19 0226 against sale of RIKB 20 0205 were:

Number of bids in series RIKB 20 0205 were 5, amounting to 1,976 m.kr. nominal value

5 bids were accepted for 1,976 m.kr. nominal value

Price allocated is 101.855

Total purchased in RIKB 19 0226 was 1,952 m.kr. nominal value

 

The main result of purchase in RIKB 19 0226 against sale of RIKB 28 1115 were:

Number of bids in series RIKB 28 1115 were 6, amounting to 950 m.kr. nominal value

5 bids were accepted for 800 m.kr. nominal value

Price allocated is 97.150

Total purchased in RIKB 19 0226 was 759 m.kr. nominal value