Lánamál ríkisins - Company Announcement

Auction of nominal bonds RIKB 31 0124

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

In this auction nominal bonds RIKB 31 0124 will be offered. The total amount of
accepted bids will be announced after the auction. 

The GDM reserves the right to accept all of the submitted bids, accept part of
them, or reject all of them. Only primary dealers in Treasury securities are
authorised to submit bids in this auction. They also submit bids on behalf of
investors. The minimum amount of each bid is 1 m.kr. nominal value. 

The auction will be structured as a single-price auction, which means that all
accepted bids will be sold to primary dealers at the same price. The lowest
accepted price (highest yield) will determine the selling price. In other
respects, reference is made to the Terms of Invitation to Tender, which
accompany this press release. 

After the results of the auction are available, the GDM will offer primary
dealers the equivalent of 10% of the nominal value sold in the auction, at the
price of accepted bids, until 14:00 on Tuesday, 26 February 2013. 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 is Wednesday, 27 February 2013.

Attachments:

News_13Feb19.pdf

Auctionterms _13Feb22.pdf