Thursday, May 16, 2013

Results of additional issuance RIKB 15 0408

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.

Wednesday, May 15, 2013

Auction result of nominal bonds RIKB 15 0408

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)

Monday, May 13, 2013

Auction result Treasury bills RIKV 13 0815 & RIKV 13 1115

Today at 11:00 am, Government Debt Management auctioned Treasury bills in series RIKV 13 0815 and RIKV 13 1115.
Auction results (pdf)

Friday, May 10, 2013

Auction of nominal bonds RIKB 15 0408

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)

Tuesday, May 07, 2013

Indexed bond series RIKS 33 0321 offered in connection with capital account liberalisation

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)

Tuesday, May 07, 2013

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 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.

Tuesday, May 07, 2013

Auction of treasury bills RIKV 13 0815 & RIKV 13 1115

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)

Friday, May 03, 2013

Auction result of nominal bonds RIKB 22 1026

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)

Tuesday, April 30, 2013

Issuance of RIKS 33 0321 in foreign exchange auction

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%)1

1 Clean price being 103.0

Monday, April 29, 2013

Auction of nominal bonds RIKB 22 1026 - exchange auction

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)

Monday, April 29, 2013

Bond price for foreign exchange auction

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.

 

Monday, April 29, 2013

Consumer price index in April 2013

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

 

Tuesday, April 16, 2013

Auction of Treasury bonds cancelled

The Government Debt Management has decided to cancel the auction of Treasury bonds planned for 19 April 2013.

Thursday, April 11, 2013

Auction result treasury bills RIKV 13 0715 & RIKV 13 1015

Today at 11:00 am, Government Debt Management auctioned Treasury bills in series RIKV 13 0715 and RIKV 13 1015.
Auction results (pdf)

Tuesday, April 09, 2013

Market Information in April 2013

By GDM
Tuesday, April 09, 2013

Results of Exchange auction RIKB 13 0517

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.

Tuesday, April 09, 2013

Results of additional issuance of RIKB 15 0408 and RIKB 31 0124

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.

Monday, April 08, 2013

Auction of treasury bills RIKV 13 0715 & RIKV 13 1015

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)

Friday, April 05, 2013

Auction result of nominal bonds RIKB 15 0408 & RIKB 31 0124

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)

Tuesday, April 02, 2013

Auction of nominal bonds RIKB 15 0408 & RIKB 31 0124 - exchange auction

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)

Tuesday, March 26, 2013

Results of Exchange auction RIKB 13 0517

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.

Tuesday, March 26, 2013

Results of additional issuance RIKB 15 0408

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.

Tuesday, March 26, 2013

Consumer price index in 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.

Read more

Friday, March 22, 2013

Indexed bond series RIKS 33 0321 offered in connection with capital account liberalisation

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)

Friday, March 22, 2013

Auction result of nominal bonds RIKB 15 0408

Today at 11:00 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)

Tuesday, March 19, 2013

Issuance of RIKS 33 0321 in foreign exchange auction

Today, 19 March 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 662,548,440 kr. nominal value.

The accepted exchange rate in the auction was 225 krona for each Euro.

On 15 March the fixed price for this Treasury bond was announced as 108.331702 kr. with accrued interest and indexation (e. dirty price) with a settlement date of 22 March 2013 (yield 2.77%)1

 1 Clean price being 103.5

Tuesday, March 19, 2013

Auction of nominal bonds RIKB 15 0408 - exchange auction

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

A new two-year nominal bonds, RIKB 15 0408, will be offered. The bonds are interest-bearing and pay 4.50% interest rate annually every 8 April. The maturity date is 8 April 2015. Description of the bond is attached to this press release and further information can be obtained from the website www.ndma.is. The total amount of accepted bids will be announced after the auction.
Press release (pdf)
Auction terms (pdf)
Description_RIKB 15 0408(pdf)

Friday, March 15, 2013

Bond price for foreign exchange auction

According to an announcement published by the Central Bank of Iceland on 12 February 2013 regarding the Central Bank of Iceland foreign currency auction to be held on 19 March 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 15 March 2013.

 

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 108.331702 kr. per Treasury bond unit with accrued interest and indexation (dirty price), assuming a settlement date of 22 March 2013 (yield 2.77%).1

The formula is as follows: Swap rate = auction price/(bond price/100).


1 Clean price of 103.5.

 Press release (pdf)

 

Wednesday, March 13, 2013

Auction result Treasury bills RIKV 13 0618 & RIKV 13 0916

Today at 11:00 am, Government Debt Management auctionedTreasurybills in series RIKV 13 0618 and RIKV 13 0916.
Auction results (pdf)

December 13, 2012
Sale of Government bonds
September 07, 2012
AUCTION RESULT OF NOMINAL BONDS
November 02, 2011
MPC decision on interest rates
February 02, 2011
MPC decision on interest rates
December 29, 2010
Annual prospect 2011
December 08, 2010
MPC decision on interest rates
November 03, 2010
MPC decision on interest rates
September 22, 2010
MPC decision on interest rates
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
September 24, 2009
Policy rate decision
August 13, 2009
Policy rate decision
June 04, 2009
Policy rate lowered
May 07, 2009
Policy rate lowered
April 08, 2009
Policy rate lowered
March 19, 2009
Policy rate lowered
February 20, 2009
Auction results Treasury Notes
February 11, 2009
Auction announcement - Bills
January 21, 2009
Auction announcement - Bills
December 19, 2008
Treasury Bills Auction Results
December 16, 2008
Auction announcement - Bills
December 10, 2008
Treasury Notes Auction Results
December 08, 2008
Auction announcement
December 03, 2008
Treasury Notes Auction Results
September 25, 2008
Treasury Notes Auction Results
September 17, 2008
Inflation Forecast - September
August 13, 2008
Inflation Forecast - August
August 01, 2008
Bond Market - Iceland
July 22, 2008
Exchange rate forecast
July 03, 2008
Macroeconomic Research
April 09, 2008
Not Out of the Woods Yet
April 07, 2008
Policy Rate Forecast
March 19, 2008
ICEX News & Views
March 10, 2008
ISK bonds: on HOLD
February 28, 2008
Benchmark bond yields
February 26, 2008
Economic Analysis
February 21, 2008
Treasury Notes Auction Results
February 19, 2008
Monthly Inflation Forecast
February 19, 2008
Economic Outlook: Q1 2008
February 15, 2008
Economic Outlook: Q1 2008
February 14, 2008
Policy interest rate unchanged
January 14, 2008
News & Views
January 14, 2008
Economic Focus
December 28, 2007
HFF Forecast 2008
December 27, 2007
Inflation Forecast
December 21, 2007
Inflation forecast for January
December 21, 2007
Macroeconomic Outlook
December 20, 2007
Policy interest rate unchanged
December 10, 2007
News & Views
November 26, 2007
News and Views
November 25, 2007
BUY ISK on financial turmoil
November 20, 2007
Inflation Forecast
November 09, 2007
Reinvest in ISK
November 05, 2007
Economic Outlook
October 24, 2007
News & Views
October 16, 2007
News & Views
October 05, 2007
News & Views
September 27, 2007
The ISK - September 2007
September 27, 2007
Policy rate forecast
September 24, 2007
Inflation Forecast
September 21, 2007
Economic Focus - September 2007
September 19, 2007
The Icelandic Economy 2007-2011
September 13, 2007
News & Views
September 03, 2007
News & Views
August 29, 2007
Economic Focus
August 28, 2007
Bond Market
August 24, 2007
Exchange Rate Watch: ISK
August 24, 2007
Macroeconomic Research
August 02, 2007
Inflation Forecast - August
July 09, 2007
News & Views
July 09, 2007
Central Bank Watch
June 21, 2007
News & Views
June 12, 2007
ICEX News & Views
June 06, 2007
ICEX News & Views
May 15, 2007
Central Bank Watch
May 15, 2007
News & Views
May 04, 2007
Monthly Market Focus
May 04, 2007
Inflation Forecast
April 26, 2007
Financial stability
April 16, 2007
Economic Focus
April 04, 2007
Central Bank Watch
April 03, 2007
Monthly Market Focus
March 29, 2007
ICEX News & Views
March 27, 2007
ICEX News & Views
March 15, 2007
ICEX News & Views
March 12, 2007
ICEX News & Views
March 12, 2007
Economic Focus
March 07, 2007
Economic Focus
March 06, 2007
Monthly Market Focus
February 23, 2007
ICEX News & Views
February 21, 2007
ICEX News & Views
February 08, 2007
Monthly Bond Market Report
February 08, 2007
Economic Focus
February 05, 2007
Carry Trade and the ISK
February 05, 2007
Market Update
January 31, 2007
ICEX News & Views
January 30, 2007
ICEX News & Views
January 30, 2007
ICEX News & Views
January 25, 2007
No landing in sight?
January 16, 2007
Benchmark Bond Yields
January 16, 2007
Forecast
January 12, 2007
Economic Focus
January 12, 2007
Monthly Report
January 10, 2007
ICEX News & Views
September 17, 2008
The Icelandic Economy 2008-2011
December 08, 2006
Monthly Market Focus
January 08, 2007
Monthly Bond Market Report
January 04, 2007
ICEX News & Views
December 12, 2006
Icelandic Bonds
November 10, 2006
CPI down 0.04% last month
December 14, 2006
ICEX News & Views
December 21, 2006
Out of Touch With Reality
November 06, 2006
Market Focus November 2006
January 04, 2007
Monthly Market Focus

Yield Curve

Load My Chart
Save My Chart
Restore Defaults
As a Bitmap
As a Metafile
As Text (data only)
Y Axis
Grid
Interlaced
X Axis
Grid
Vertical Labels
Staggered
Show Labels
Options ...
100 %
150 %
200 %
400 %
Non-IndexedPriceYield
RIKV 13 0618 99.556.03%
RIKV 13 071599.096.12%
RIKV 13 081598.566.17%
RIKV 13 0916 98.026.20%
RIKV 13 101597.546.23%
RIKV 13 1115 97.006.28%
RIKB 14 0314 100.653.90%
RIKB 15 0408101.053.90%
RIKB 16 1013105.714.15%
RIKB 19 0226117.205.21%
RIKB 22 1026107.056.23%
RIKB 25 0612113.516.36%
RIKB 31 012498.826.61%
IndexedPriceYield
RIKS 21 0414112.052.13%
HFF150224107.452.37%
HFF150434111.012.65%
HFF150644114.152.75%

CPI Change

Current Value410.70
12 Months Change*3.95%
3 Months Change*8.73%
Last Month Change0.20%
Daily CPI411.24

* Annualized rates

Exchange rate

ISK10001000
EUR158.85159.25
USD123.48123.79
GBP185.66186.13
JPY1.191.20
NOK21.2321.28
SEK18.6018.65
DKK21.3121.36
CHF125.75126.07
TWI215.85215.99