Jun 30 2017
S&P‘s today affirmed Iceland‘s Sovereign ratings at A/A-1 with a stable outlook

In accordance with its publication schedule, on June 30 2017, S&P Global Ratings affirmed its 'A/A-1' long- and short-term foreign and local currency sovereign credit ratings on the Republic of Iceland. The stable outlook balances the potential for improvements in Iceland‘s fiscal position against risks of the economy overheating during the next two years.

S&P report

More news

Feb 21 2018
Bond News
Switch auction of nominal bonds RIKB 22 1026 & RIKB 28 1115

On Friday, 23 February at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds. 

In this auction nominal bonds RIKB 22 1026 and RIKB 28 1115 will be offered. The total amount of accepted bids will be announced after the auction. 

NOTE it is only possible to purchase bonds in RIKB 22 1026 and in RIKB 28 1115 with the sale of RIKB 19 0226, which matures on 26 February 2019. Government Debt Management will purchase RIKB 19 0226 at a pre-determined price – that is, at a clean price of 104.193 (104.240945 with accrued interest per 100 nominal value) – with settlement on 28 February 2018. To clarify, this price is equivalent to 4.35% yield. The value of the bond, together with accrued interest, will constitute payment for the new issued bonds.

Press release(pdf) 

Terms of Swichoperation (pdf)

Feb 09 2018
Bond News
Buyback result of nominal bonds RIKH 18 1009

Today at 11:00 pm, Government Debt Management did buy back Treasury Bonds in the series RIKH 18 1009. The auction was structured as a multiple-price auction, i.e. accepted bids were according to the price submitted. 

The main results of the buyback were:

RIKH 18 1009:

Number of bids in this series were 2, amounting to 10,200 m.kr. nominal value.

2 bids were accepted for 10,200 m.kr. nominal value.

Price allocated from 99.980 to 99.990

Feb 07 2018
Bond News
Buyback of Treasury bonds RIKH 18 1009

Government Debt Management has decided not to hold an auction of Treasury bonds on Friday 9 February 2018.  Instead Government Debt Management will offer to buy back bonds using an auction format. The Treasury offers to buy back nominal bonds in series RIKH 18 1009, which matures on 9 October 2018. The purpose of the buyback is to reduce the size of the series which is currently 50 b.kr., and thereby reduce the Treasury’s refinancing risk at maturity.

Press release(pdf) 
Terms of buyback (pdf)