Lánamál ríkisins - Company Announcement

Auction result of nominal bonds RIKB 14 0314

Today at 11:00 pm, Government Debt Management auctioned Treasury Bonds in the
series RIKB 14 0314. 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 14 0314:

Number of bids in this series were 9, amounting to 4,000 m.kr. nominal value. 2
bids were accepted for 750 m.kr. nominal value at the clean price of 101.310
(yield of 3.65%). 

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 Tuesday, 11 December. 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 Wednesday, 12 December, 2012. 

The Government Debt Management has achieved the objectives in auctions of
Treasury bonds for the current year and has decided to cancel the last general
auction, which was scheduled for 14 December. 

The proposed auction of Treasury bills will be held as planned on 13 December.

Attachments:

ResultsRIKB_07.Dec.2012.pdf