Lánamál ríkisins - Company Announcement

Nominal Treasury Bonds (former Notes) Auctions RIKB 11 0722

On Friday 9 April 2010 at 11:00, an auction will be held by Government Debt
Management. 

The securities sold in the auction will be nominal Treasury bonds in series
RIKB 11 0722. The total amount of accepted bids will be announced following the
auction. Government Debt Management reserves the right, on behalf of the
Treasury, to accept some or all of the bids placed, or to reject all of them.
Only primary dealers in Treasury securities are authorised to submit bids in
this auction; however, they may also submit bids on behalf of investors. The
minimum amount of each bid is 1 m.kr. nominal value. 

The auction will be structured so that all accepted bids will be offered to
primary dealers at the same price. The lowest accepted price (highest yield)
will determine the sale price. In other respects, reference is made to the
Terms of Invitation to Tender, which accompany this press release. 

The payment and settlement date is Wednesday 14. April 2010.

Further information can be obtained from Oddgeir Gunnarsson, Government Debt
Management, at tel +354 569 9633

Attachments:

auction terms rikbapr9_2010.pdf

pressreleas04092010.pdf