Wednesday, November 22, 2017

Buyback of Treasury bonds RIKH 18 1009

Government Debt Management has decided not to hold an auction of Treasury bonds on Friday 24 November 2017.  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 124 b.kr., and thereby reduce the Treasury’s refinancing risk at maturity. 

Press release(pdf)
Terms of buyback (pdf)

Wednesday, November 15, 2017

MPC decision on interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 4.25%.

read more

Tuesday, November 14, 2017

Results of additional issuance 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 10 November, at the price of accepted bids. This time Primary Dealers did exercise their right to purchase in RIKB 28 1115 in amount of 105 m.kr. Total outstanding nominal value of RIKB 28 1115 after the auction is now 41,125,101,519. Settlement date is 15 November 2017.

Monday, November 13, 2017

Auction result of T-bills RIKV 18 0515

Thursday, November 09, 2017

Market Information in November 2017

 By GDM
Thursday, November 09, 2017

Auction of Treasury bills RIKV 18 0515

On Monday, 13 November at 11:00 a.m. Government Debt Management will conduct an auction of Treasury bills RIKV 18 0515 which mature on 15 May 2018.

Press release (pdf)
Auction terms (pdf) 

Wednesday, November 08, 2017

Auction of nominal bonds RIKB 28 1115

On Friday, 10 November at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds.
In this auction nominal bonds RIKB 28 1115 will be offered. The total amount of accepted bids will be announced after the auction.

Press release (pdf)
Auction terms (pdf) 

Monday, November 06, 2017

Consumer Price Index in October 2017

The Consumer Price Index (CPI) based on prices in October 2017 is 446.7 points (May 1988=100), 0.47% higher than in the previous month. The CPI less housing cost is 386.1 points, 0.63% higher than in September 2017.

The CPI is 1.9% higher in October 2017 than in October 2016 while the CPI less housing cost is 2.3% lower than one year ago.

The CPI compiled in the middle of October 2017, 446.7 points, is applicable for indexation purposes in December 2017. The old credit terms index for December 2017 is 8,820 points.

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Tuesday, October 24, 2017

Results of additional issuance RIKB 22 1026

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 20 October, at the price of accepted bids. This time Primary Dealers did not exercise their right to purchase in RIKB 22 1026. Total outstanding nominal value of RIKB 22 1026 after the auction is now 68,223,000,000. Settlement date is 25 October 2017.

Wednesday, October 18, 2017

Auction of nominal bonds RIKB 22 1026

On Friday, 20 October at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds.
In this auction nominal bonds RIKB 22 1026 will be offered. The total amount of accepted bids will be announced after the auction.

Press release (pdf)
Auction terms (pdf) 

Thursday, October 12, 2017

Auction result of T-bills RIKV 18 0416

Tuesday, October 10, 2017

Results of additional issuance 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 6 October, at the price of accepted bids. This time Primary Dealers did exercise their right to purchase in RIKB 28 1115 in amount of 47 m.kr. Total outstanding nominal value of RIKB 28 1115 after the auction is now 39,090,101,519. Settlement date is 11 October 2017.

Tuesday, October 10, 2017

Auction of Treasury bills RIKV 18 0416

On Thursday, 12 October at 11:00 a.m. Government Debt Management will conduct an auction of Treasury bills RIKV 18 0416 which mature on 16 April 2018.

Press release (pdf)
Auction terms (pdf) 

Monday, October 09, 2017

Market Information in October 2017

 By GDM
Wednesday, October 04, 2017

Auction of nominal bonds RIKB 28 1115

On Friday, 6 October at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds.
In this auction nominal bonds RIKB 28 1115 will be offered. The total amount of accepted bids will be announced after the auction.

Press release (pdf)
Auction terms (pdf) 

Wednesday, October 04, 2017

MPC decision on interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.25 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 4.25%. 

read more

Friday, September 29, 2017

Quarterly Government Debt Management Prospect - fourth quarter 2017

  • In Q4, benchmark Treasury bonds will be offered for sale in the amount of 8 b.kr. market value.1
  • It is also planned to issue Treasury bonds in the following series: RIKB 22 1026 and RIKB 28 1115.


1 The sale price or market value refers to the clean price, net of accrued interest. 

Full report

Wednesday, September 27, 2017

Consumer Price Index in September 2017

The Consumer Price Index (CPI) based on prices in September 2017 is 444.6 points (May 1988=100), 0.14% higher than in the previous month. The CPI less housing cost is 383.7 points, 0.21% lower than in August 2017.
The CPI is 1.4% higher in September 2017 than in September 2016 while the CPI less housing cost is 3.1% lower than one year ago.
The CPI compiled in the middle of September 2017, 444.6 points, is applicable for indexation purposes in November 2017. The old credit terms index for November 2017 is 8,779 points.

Read more

Friday, September 22, 2017

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 28 1115 and RIKB 22 1026 where offered for sale for purchase of RIKB 19 0226. 

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 1, amounting to 200 m.kr. nominal value.

No  bids were accepted. 

The main result of purchase in RIKB 19 0226 against sale of RIKB 22 1026 were:

Number of bids in series RIKB 22 1026 were 2, amounting to 470 m.kr. nominal value

No bids were accepted. 

Wednesday, September 20, 2017

Switch auction of nominal bonds RIKB 22 1026 & RIKB 28 1115

On Friday, 22 September at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds. 

In this auction nominal bonds RIKB 28 1115 and RIKB 22 1026 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 104.956 (110.062164 with accrued interest per 100 nominal value) – with settlement on 27 September 2017. To clarify, this price is equivalent to 5.00% yield. The value of the bond, together with accrued interest, will constitute payment for the new issued bonds.

Press release (pdf)
Auction terms (pdf) 

Wednesday, September 13, 2017

Auction result of T-bills RIKV 18 0315

Tuesday, September 12, 2017

Results of additional issuance RIKB 20 0205 & 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 8 September, at the price of accepted bids. This time Primary Dealers did not exercise their right to purchase in RIKB 20 0205 but did exercise their right to purchase in RIKB 28 1115 in amount of 316 m.kr. Total outstanding nominal value of RIKB 20 0205 after the auction is now 74,724,000,000 and for RIKB 28 1115 is now 37,093,101,519 kr. Settlement date is 13 September 2017.

Monday, September 11, 2017

Market Information in September 2017

 By GDM
Monday, September 11, 2017

Auction of Treasury bills RIKV 18 0315

On Wednesday, 13 September at 11:00 a.m. Government Debt Management will conduct an auction of Treasury bills RIKV 18 0315 which mature on 15 March 2018.

Press release (pdf)
Auction terms (pdf) 

Wednesday, September 06, 2017

Auction of nominal bonds RIKB 20 0205 & RIKB 28 1115

On Friday, 8 September at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds. 

In this auction nominal bonds RIKB 20 0205 and RIKB 28 1115 will be offered. The total amount of accepted bids will be announced after the auction.

Press release (pdf)
Auction terms (pdf) 

February 08, 2017
MPC decision on interest rates
January 24, 2017
Exchange auction results
January 17, 2017
Exchange auction results
December 14, 2016
MPC decision on interest rates
December 09, 2015
MPC decision on interest rates
November 04, 2015
MPC decision on interest rates
September 30, 2015
MPC decision on interest rates
February 04, 2015
MPC decision on interest rates
December 10, 2014
MPC decision on interest rates
November 05, 2014
MPC decision on interest rates
August 28, 2014
Temporary exemption revoked
December 11, 2013
MPC decision on interest rates
November 06, 2013
MPC decision on interest rates
February 06, 2013
MPC decision on interest rates
December 13, 2012
Sale of Government bonds
December 12, 2012
MPC decision on interest rates
September 07, 2012
AUCTION RESULT OF NOMINAL BONDS
April 29, 2011
Signing of Agreements
December 29, 2010
Annual prospect 2011
May 14, 2010
Signing of Agreements
February 23, 2010
Exchange auction results
February 11, 2010
Auction result RIKV 10 0615
January 13, 2010
Auction Result RIKV 10 0517
December 10, 2009
Result - Sale of T-Notes

Yield Curve

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Non-IndexedPriceYield
RIKV 17 1215 99.763.94%
RIKV 18 011599.384.20%
RIKV 18 0215 99.024.26%
RIKV 18 0315 98.684.30%
RIKV 18 0416 98.294.35%
RIKV 18 051597.954.36%
RIKB 19 0226105.304.31%
RIKB 20 0205103.464.55%
RIKB 22 1026110.854.73%
RIKB 25 0612120.024.77%
RIKB 28 1115 100.764.91%
RIKB 31 0124115.014.92%
IndexedPriceYield
RIKS 21 0414105.852.00%
HFF150224104.702.28%
RIKS 30 0701115.701.84%
HFF150434114.252.02%
HFF150644122.951.98%

CPI Change

Current Value446.70
12 Months Change*1.87%
3 Months Change*3.48%
Last Month Change0.47%
Daily CPI446.70

* Annualized rates