Lánamál ríkisins - Company Announcement

Government Debt Management Prospect 2011

The Treasury's financial need is estimated to be 130 b.kr. The financial need
will be met with the issuance of Treasury bonds for 120 b.kr and by reducing
the Treasury's balance with the Central Bank by about 10 b.kr. Net Treasury
bond issuance is estimated at 67 b.kr. 
The Treasury's net financial need is estimated to be 57.4 b.kr. One Treasury
bond series valued at 53 b.kr. will mature during the year. Furthermore, the
objective is to reduce the balance of Treasury bills by 12 b.kr. Other
repayments amount to 7.2 b.kr. The Treasury's financial need is therefore
estimated to be 130 b.kr. 
A new 10-year nominal bond series will be issued.
A new 20-year nominal bond series will be issued.
Treasury bill issuance will be changed with a monthly issue of 6-month Treasury
bills. 
One foreign bond and one foreign bank loan will mature during the year. The
bond is a 638 million euro issue maturing in December, and the loan is a
syndicated loan in the amount of 75 million euros, which is due in September.
The aim is to refinance it during the year.

Attachments:

GDM Prospect 2011 enska.pdf