Lánamál ríkisins - Company Announcement

Treasury note auction RIKB 11 0722 and RIKB 25 0612

On Friday 12 March 2010 at 11:00, an auction will be held by Government Debt
Management. 

The securities sold in the auction will be Treasury notes in series RIKB 11
0722 and RIKB 25 0612. 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 Government 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 17 March 2010.



Investors that own RIKB 10 0317 and are interested in reinvesting in other
Treasury notes are particularly encouraged to participate in this auction by
contacting their nearest bank. 

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

Attachments:

auction terms rikb 100309.pdf

news_rikb11_25_100309.pdf