Jun 08 2018
S&P Global affirms Iceland’s A/A-1 ratings with a stable outlook

Today, rating agency S&P Global affirmed its long- and short-term foreign and local currency sovereign credit ratings on the Republic of Iceland as A/A-1 with a stable outlook. According to the rating agency this rating reflects the country’s strong institutional framework and general policymaking effectiveness, comparatively low net general government debt at 30% of GDP and high per capita income levels. The rating agency also said that the ratings are constrained by Iceland’s vulnerability to external developments as well as typically high volatility throughout the economic cycle in addition to risks stemming from overheating in the domestic economy.

According to S&P the stable outlook balances the risks stemming from the domestic economy overheating against the potential for more rapid improvements in the government and external balance sheets over the next few years.

 S&P report

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Results of additional issuance of indexed Treasury bonds RIKS 21 0414

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 12 April, at the price of accepted bids. This time Primary Dealers did exercise their right to purchase in RIKS 21 0414 for 37.5 m.kr. Total outstanding nominal value of RIKS 21 0414 is now 62,171,093,000 kr. Settlement date is 17 April 2019.

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 5 April, at the price of accepted bids. This time Primary Dealers did exercise their right to purchase in RIKB 28 1115 for 145 m.kr. Total outstanding nominal value of RIKB 28 1115 is now 58,751,601,519 kr. Settlement date is 10 April 2019.