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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 15 May, at the price of accepted bids. This time Primary Dealers did not exercise their right to purchase additional amount in RIKB 15 0408. Therefore the total amount of bonds issued in RIKB 15 0408 is 5,825 million nominal value. Total nominal value of this series after the auction is now 18,395,000,000 kr. Settlement date is 17 May 2013.
Today at 14:00 pm, Government Debt Management auctioned Treasury Bonds in the series RIKB 15 0408. The auction was structured as a single-price auction, which means that all accepted bids are offered to the bidders at the same price. The lowest accepted price (highest yield) determined the selling price.Auction results (pdf)
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged.Statement of the Monetary Policy Committee 15 May 2013: Read more
Today at 11:00 am, Government Debt Management auctioned Treasury bills in series RIKV 13 0815 and RIKV 13 1115. Auction results (pdf)
On Wednesday, 15 May at 14:00 pm, Government Debt Management will conduct an auction of Treasury bonds.In this auction nominal bonds RIKB 15 0408 will be offered. The total amount of accepted bids will be announced after the auction.Press release (pdf) Auction terms (pdf)
Government Debt Management intends to offer index-linked series, RIKS 33 0321, in connection with the foreign currency auction on 11 June 2013.
The asking price of the series for the auction will be announced after the market close at 16:00 on 7 June 2013.TermsofAuction.(pdf)
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 3 May, at the price of accepted bids. This time Primary Dealers did exercise their right to purchase 340 m.kr. nominal value in RIKB 22 1026. Therefore the total amount of bonds issued in RIKB 22 1026 is 6,340 m.kr. in nominal value. Total nominal value of this series after the auction is now 47,557,000,000 kr. Settlement date is 8 May 2013.
On Monday, 13 May at 11:00 am, Government Debt Management will conduct an auction of Treasury bills RIKV 13 0815 and RIKV 13 1115 which mature on 15 August and 15 November 2013.Press release (pdf) Auction terms (pdf)
Today at 11:00 am, Government Debt Management auctioned Treasury Bonds in the series RIKB 22 1026. The auction was structured as a single-price auction, which means that all accepted bids are offered to the bidders at the same price. The lowest accepted price (highest yield) determined the selling price.Auction results (pdf)
Today, 30 April 2013, an auction was held by 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 965,580,617 kr. nominal value.The accepted exchange rate in the auction was 210 krona for each Euro.On 29 April the fixed price for this Treasury bond was announced as 108.960348 kr. with accrued interest and indexation (e. dirty price) with a settlement date of 3 May 2013 (yield 2.80%)11 Clean price being 103.0
On Friday, 3 May 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)
According to an announcement published by the Government Debt Management on 26 April 2013 regarding the Central Bank of Iceland foreign currency auction to be held on 30 April 2013, it was decided that the conversion rate of the number of units of Treasury bonds in the series RIKS 33 0321 for every euro will be based on the clean price 103.0. Furthermore, the information on transaction value i.e. with accrued interest and indexation would be available today, when Statistics Iceland has publishes the CPI for April.
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 108.960348 kr. per Treasury bond unit with accrued interest and indexation (dirty price), with a settlement date of 3 May 2013 (yield 2.80%).1
The formula is as follows: Swap rate = auction price/(bond price/100).
1 Clean price of 103.0.
The Consumer Price Index based on prices in April 2013 is 411.5 points (May 1988=100), 0.19% higher than in the previous month. The CPI less housing cost is 392.0 points, 0.13% lower than in March.
The CPI is 3.3% higher in April 2013 than in April 2012 and the CPI less housing cost is 3.5% higher than one year ago. Over the last three months, the CPI has increased by 2.0%, equivalent to an annual inflation rate of 8.4% (8.5% inflation for the CPI less housing cost).
The CPI compiled in the middle of April 2013, 411.5 points, is applicable for indexation purposes in June 2013. The old credit terms index for June 2013 is 8,125 points.Read more
According to an announcement published by the Central Bank of Iceland on 22 March 2013 regarding the Central Bank of Iceland foreign currency auction to be held on 30 April 2013, 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 26 April 2013.
It has been decided that the conversion rate of the number of units of Treasury bonds for every euro will be based on the clean price 103.0 (yield 2.80%). More information on transaction value i.e. with accrued interest and indexation will be available next Monday, 29 April, when Statistics Iceland publishes the CPI for April.
Press release (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 15 March 2013, securities lending in series RIKB 14 0314 to each primary dealer will be increased from 2 b.kr. nominal value up to 4 b.kr. nominal value. These terms shall take effect after 11:00 am on Thursday 16 May 2013.
The Government Debt Management has decided to cancel the auction of Treasury bonds planned for 19 April 2013.
Today at 11:00 am, Government Debt Management auctioned Treasury bills in series RIKV 13 0715 and RIKV 13 1015.Auction results (pdf)
In the last Treasury bonds auction of the Government Debt Management, the bidders had the option of purchasing securities in RIKB 15 0408 and RIKB 31 0124 with sale of RIKB 13 0517, which matures on 17 May 2013. This time the bidders exercised their option to sell 3,318,504,789 kr. nominal value in RIKB 13 0517.
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 22 March, at the price of accepted bids. This time Primary Dealers did exercise their right to purchase 100 m.kr. nominal value in RIKB 15 0408 and 315 m.kr. in RIKB 31 0124. Therefore the total amount of bonds issued in RIKB 15 0408 is 5,250 m.kr. in nominal value and 7.105 kr. in RIKB 31 0124. Total nominal value of this series after the auction is now 12,570,000,000 kr. and 49,926,400,000 kr. in RIKB 30 0124. Settlement date is 10 April 2013.
On Thursday, 11 April at 11:00 am, Government Debt Management will conduct an auction of Treasury bills RIKV 13 0715 and RIKV 13 1015 which mature on 15 July and 15 October 2013.Press release (pdf) Auction terms (pdf)
Today at 11:00 pm, Government Debt Management auctioned Treasury Bonds in the series RIKB 15 0408 and RIKB 31 0124. The auction was structured as a single-price auction, which means that all accepted bids are offered to the bidders at the same price. The lowest accepted price (highest yield) determined the selling price.Auction results (pdf)
On Friday, 5 April at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds. In this auction nominal bonds RIKB 15 0408 and RIKB 31 0124 will be offered. The total amount of accepted bids will be announced after the auction.Press release (pdf) Auction terms (pdf)
The Medium Term Debt Management Strategy 2013-2016 sets forth the Government‘s plans for debt financing plans for the specified period. It provides a description of the composition of the debt portfolio, inherent risk factors and contingent liabilities. The institutional structure regarding debt management is also described. The Ministry of Finance and Economic Affairs is responsible for the central government‘s debt management, sets the strategy and makes decisions regarding debt issues. A special section within the Central Bank of Iceland, Government Debt Unit, is responsible for the implementation of the Treasury‘s debt management policies. GDM Strategy.pdf Press release.pdf
In the last Treasury bonds auction of the Government Debt Management, the bidders had the option of purchasing securities in RIKB 15 0408 with the sale of RIKB 13 0517, which matures on 17 May 2013. This time the bidders exercised their option to sell 5,622,899,000 kr. nominal value.
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 22 March, at the price of accepted bids. This time Primary Dealers did exercise their right to purchase 630 m.kr. nominal value in RIKB 15 0408. Therefore the total amount of bonds issued in RIKB 15 0408 is 7,320 million nominal value. Total nominal value of this series after the auction is now 7,320,000,000 kr. Settlement date is 27 March 2013.
The Consumer Price Index based on prices in March is 410.7 points (May 1988=100), 0.20% higher than in the previous month. The CPI less housing cost is 392.5 points, 0.15% higher than in February.
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government Debt Management intends to offer index-linked series, RIKS 33 0321, in connection with the foreign currency auction on 30 April 2013.The asking price of the series for the auction will be announced after the market close at 16:00 on 26 April 2013.TermsofAuction.(pdf)
* Annualized rates