Dec 07 2018
Auction result of indexed T-bonds RIKS 26 0216

Series 
RIKS 26 0216
Settlement Date 
 12/12/2018 
Total Amount Allocated (MM) 
 1,952 
All Bids Awarded At (Price / Yield) 
 100.000 
 / 
 1.500 
Total Number of Bids Received 
 27 
Total Amount of All Bids Received (MM) 
 4,852 
Total Number of Successful Bids 
 16 
Number of Bids Allocated in Full 
 16 
Lowest Price / Highest Yield Allocated 
 100.000 
 / 
 1.500 
Highest Price / Lowest Yield Allocated 
 100.680 
 / 
 1.400 
Lowest Price / Highest Yield Allocated in Full 
 100.000 
 / 
 1.500 
Weighted Average of Successful Bids (Price/Yield) 
 100.091 
 / 
 1.486 
Best Bid (Price / Yield) 
 100.680 
 / 
 1.400 
Worst Bid (Price / Yield) 
 99.850 
 / 
 1.522 
Weighted Average of All Bids Received (Price / Yield) 
 100.004 
 / 
 1.499 
Percentage Partial Allocation (Approximate) 
 100.00 % 
Bid to Cover Ratio 
 2.49 

More news

Treasury Bill Auction Announcement RIKV 20 0205
Series RIKV 20 0205
ISIN IS0000031292
Maturity Date 05.02.2020
Auction Date 27.06.2019
Settlement Date 01.07.2019

On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bills in the Series, with the ISIN number and with the Maturity Date according to the table above. Payments for the Treasury Bills must be received by the Central Bank before 14:00 on the Settlement Date, and the Bills will be delivered in electronic form on the same day.

Further reference is made to the General Terms of Icelandic Treasury bills and General Terms of Auction for Treasury bills on the Government Debt Management website.

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

Jun 13 2019
Bond News
Republic of Iceland issues a new Eurobond at the lowest yields in the Republic´s history

The Republic of Iceland has today concluded agreements on issuance of bonds totalling EUR 500 million, or the equivalent of ISK 71 billion.  

The bonds bear fixed interest of 0.1% and have a 5-year maturity, with a yield of 0.122%. This is the lowest yield in the history of the Republic. Investors showed strong interest in the issue, with total subscriptions around EUR 2,5 billion or five times the size of the issue.  The broad-based investor group is comprised of central banks and other institutional investors, mainly from Europe. Barclays, JP Morgan, Morgan Stanley and Nomura were joint managers for the issue.

Yesterday an offer of buy back of existing bonds of 750 million euros issued in 2014 expired. Owners of 60.5 million euros accepted the offer, in addition to those 398 million already tendered in December 2017. Owners that wished for got a priority allocation in the new bond.

Results of additional issuance of Treasury bonds RIKB 28 1115

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 7 June, at the price of accepted bids. This time Primary Dealers did not exercise their right to purchase in RIKB 28 1115. Total outstanding nominal value of RIKB 28 1115 is now 61,001,601,519 kr. Settlement date is 12 June 2019.