Lánamál ríkisins - Company Announcement

Auction of Treasury Notes RIKB 11 0722 & RIKB 25 0612

On Friday, 18 December at 14:00 the Government Debt Management will conduct an
auction of two series of Treasury notes. 

The series that will be offered are RIKB 11 0722 and RIKB 25 0612. 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. 

The payment and settlement date is Wednesday, December 23, 2009.

Attachments:

news_rikb_091215.pdf

auction terms rikb_091215.pdf