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2008-02-08 17:30:00 CET 2008-06-03 13:46:04 CEST REGLAMENTUOJAMA INFORMACIJA Lánamál ríkisins - Company Announcement- Auction in new series RIKB 19 0226On Thursday, February 21, 2008, at 14:00, the Central Bank of Iceland will conduct an auction of non-indexed Treasury Notes. This is a new series of Treasury Notes, RIKB 19 0226, which will pay interest each year on February 26. The maturity date of the Notes is February 26, 2019. The nominal coupon rate will be determined following the auction. The maximum total amount offered in this auction will be 10,000 m.kr. nominal value. Only primary dealers in Government 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. It is appropriate to emphasise that this is not a price auction, as has been the case previously. Bids for this auction shall be expressed as yields, with two decimal places. The auction will be structured as a Dutch auction, which means that all accepted bids will be offered to primary dealers at the same yield. The highest accepted 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 Tuesday, February 26, 2008. For this auction, the Central Bank requests bids for the following series: Series RIKB 19 0226 ISIN IS0000017077 Maturity date February 26, 2019 Outstanding amount 0 kr. Time to maturity 11 years After the results of the auction are available, the Central Bank will offer primary dealers the equivalent of 10% of the nominal value sold in the auction, at the yield of accepted bids, until 14:00 on the settlement date of the auction. 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 one day after the transaction date (T+1). The results of the auction will be published at the end of the transaction date. Further information can be obtained from Björgvin Sighvatsson, International and Market Department, Central Bank of Iceland, at +354 569 9633. |
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