Beint í leiðarkerfi vefsins.
RIKV 14 1215:Number of bids in the series was 7 amounting to ISK 2,724 million nominal value. Bids were accepted for ISK 2,577 million nominal value at the price of 98.850 (simple interest of 4.60%).
RIKV 15 0316:Number of bids in the series was 7 amounting to ISK 653 million nominal value. Bids were accepted for ISK 553 million nominal value at the price of 97.873 (simple interest of 4.30%).
Auction results (pdf)
Full report (pdf)
Government Debt Management securities lending facilities for primary dealers.
According to the Agreements concerning Secondary Market Issuance and Market making in Treasury Securities dated 12 March 2014, securities lending in series RIKB 20 0205 to each primary dealer will be increased from 1 b.kr. nominal value up to 2 b.kr. nominal value. These terms shall take effect after 11:00 am on Wednesday 10 September 2014.
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 05 September, at the price of accepted bids. This time Primary Dealers did not exercise their right to purchase additional issues. Therefore the total amount of bonds issued in this auction in RIKB 20 0205 is 6,186 m.kr. in nominal value. Total nominal value of RIKB 20 0205 after the auction is now 21,479,000,000 kr. Settlement date is 10 September 2014.
On Thursday, 11 September at 11:00 a.m. Government Debt Management will conduct an auction of Treasury bills RIKV 14 1215 and RIKV 15 0316 which mature on 15 December 2014 and 16 March 2015.Press release (pdf) Auction terms (pdf)
RIKB 20 0205:
Number of bids in this series were 37, amounting to 7,086 m.kr. nominal value. 33 bids were accepted for 6,186 m.kr. nominal value at the clean price of 98.500 (yield of 6.58%).Auction results (pdf)
On Friday, 5 September at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds.In this auction nominal bonds RIKB 20 0205 will be offered. The total amount of accepted bids will be announced after the auction.Press release (pdf)Auction terms (pdf)
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
According to an announcement published by the Central Bank of Iceland on 15 July 2014 regarding the Central Bank of Iceland foreign currency auction to be held on 2 September 2014, the Terms of Auction stated that the swap rate for the Bank’s purchase of foreign currency in connection with the sale of Treasury bonds in the series RIKS 33 0321 would be published at the close of business on 290 August 2014.
It has been decided that the number of Treasury bond units per euro shall be based on the auction price and the fixed price of the Treasury bonds, which is 109.098983 kr. per Treasury bond unit with accrued interest and indexation (dirty price), assuming a settlement date of 5 September 2014 (yield 3.05%).1
The formula is as follows: Swap rate = auction price/(bond price/100).
1 Clean price of 99,29
With reference to the press release issued by Government Debt Management (GDM) earlier today, and upon consultation with primary dealers, GDM has decided to revoke the temporary exemption from secondary market obligations previously granted to primary dealers. Primary dealers’ obligations according to Article 3 of the current agreement between them and the Central Bank of Iceland shall be reinstated as of 11:25 hrs. today.
Because of the uncertainty that could develop in the Icelandic bond market as a result of the EFTA Court ruling in Case no. E-25/13 (Gunnar V. Engilbertsson vs. Íslandsbanki hf.), which will be announced before the market opening today, Government Debt Management (GDM) has decided to grant primary dealers a temporary exemption from their obligations in the secondary market.
The Consumer Price Index based on prices in August 2014 is 423.1 points (May 1988=100), 0.24% higher than in July 2014. The CPI less housing cost is 397.4 points, 0.18% higher than in July.
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged.
The Government Debt Management has decided to cancel the auction of Treasury bonds planned for 15 August 2014.
RIKV 14 1117:
Number of bids in the series was 10 amounting to ISK 3,380 million nominal value. Bids were accepted for ISK 3,160 million nominal value at the price of 98.941 (simple interest of 4.10%).
RIKV 15 0216:
Number of bids in the series was 8 amounting to ISK 7,060 million nominal value. Bids were accepted for ISK 6,730 million nominal value at the price of 97.887 (simple interest of 4.20%).
On Wednesday, 13 August at 11:00 a.m. Government Debt Management will conduct an auction of Treasury bills RIKV 14 1117 and RIKV 15 0216 which mature on 17 November 2014 and 16 February 2015.
Press release (pdf)
Auction terms (pdf)
Fitch Ratings have affirmed Iceland’s long-term foreign and local currency IDRs at ‘BBB’ and ‘BBB+’ respectively. The issue ratings on Iceland’s senior unsecured foreign and local currency bonds are also affirmed at ‘BBB’ and ‘BBB+’ respectively. The outlook on the long-term IDRs are stable. The Country Ceiling is affirmed at ‘BBB’ and the short-term foreign currency IDR at ‘F3’.FitchRatingReport(pdf)
The Consumer Price Index based on prices in July 2014 is 422.1 points (May 1988=100), 0.17% lower than in June 2014. The CPI less housing cost is 396.7 points, 0.23% lower than in June.
The CPI compiled in the middle of July 2014, 422.1 points, is applicable for indexation purposes in September 2014. The old credit terms index for September 2014 is 8,334 points.Read more
On July 18, 2014, Standard & Poor's Ratings Services revised its outlook on the Republic of Iceland to positive from stable. At the same time, the rating agency affirmed 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Iceland.S&P report(pdf)
The Ministry of Finance and Economic Affairs has published the government's Medium-term Debt Management Strategy for the period 2014-2017. This is the fourth instance of such publication. The principal changes which have been made since last year's publication concern the guidelines for the composition of the debt portfolio, which provide for a reduced share of inflation-indexed borrowing and a correspondingly greater share of non-indexed loans. A change has also been made to the target for the Treasury's foreign balance with the Central Bank, reducing it from ISK 80 billion to around ISK 60-70 billion on average. GDM Strategy.pdf Press release.pdf
Government Debt Management intends to offer index-linked series, RIKS 33 0321, in connection with the foreign currency auction on 2 September 2014. The asking price of the series for the auction will be announced after the market close at 16:00 on 29 August 2014.TermsofAuction.(pdf)
The rating agency has released a report following their annual visit to Iceland. Moody‘s affirms Iceland‘s Baa3/P-3 ratings for long-term and short-term debt and outlook remains stable.Moody‘s analysis(pdf)
RIKV 14 1015:
Number of bids in the series was 5 amounting to ISK 1,200 million nominal value. Bids were accepted for ISK 700 million nominal value at the price of 98.963 (simple interest of 4.10%).
RIKV 15 0115:
Number of bids in the series was 8 amounting to ISK 3,450 million nominal value. Bids were accepted for ISK 3,280 million nominal value at the price of 97.898 (simple interest of 4.20%).Auction results (pdf)
On Friday, 11 July at 11:00 am, Government Debt Management will conduct an auction of Treasury bills RIKV 14 1015 and RIKV 15 0115 which mature on 15 October 2014 and 15 January 2015.Press release (pdf) Auction terms (pdf)
The National Treasury has today concluded agreements on issuance of bonds totalling EUR 750 million, or the equivalent of ISK 116 billion, the Treasury's first public EUR issuance since 2006.Press release(pdf)
The Government Debt Management has decided to cancel the auction of Treasury bonds planned for 4 July 2014.
Third quarter 2014
The Consumer Price Index based on prices in June 2014 is 422.8 points (May 1988=100), 0.36% higher than in May 2014. The CPI less housing cost is 397.6 points, 0.48% higher than in May. International airfares rose by 12.2% (effect on the index (0.19%).
The CPI compiled in the middle of June 2014, 422.8 points, is applicable for indexation purposes in August 2014. The old credit terms index for August 2014 is 8,348 points.
* Annualized rates