Lánamál ríkisins - Company Announcement

Auction result of nominal bonds RIKB 13 0517 and RIKB 16 1013

Today at 11:00 am, Government Debt Management auctioned Treasury Bonds in the
series RIKB 13 0517 and RIKB 16 1013. 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. 


The main results of the auction were:

RIKB 13 0517:
Number of bids in this series were 5, amounting to 6,800 m.kr. nominal value.
Three bids were accepted for 6,400 m.kr. nominal value at the clean price of
107.650 (yield of 2.87%). 

RIKB 16 1013:
Number of bids in this series were 13, amounting to 3,370 m.kr. nominal value.
Twelve bids were accepted for 3,120 m.kr. nominal value at the clean price of
101.800 (yield of 5.59%). 

After the results of the auction are available, the GDM will offer primary
dealers 10% of the nominal value sold in the auction at the price of accepted
bids, until 14:00 on Thursday, 21 July. Each primary dealer that has submitted
an accepted bid in the auction has the right to purchase an amount proportional
to its total purchase. The payment and settlement date for these transactions
is Friday, 22 July, 2011.

Attachments:

ResultsRIKB.pdf