Lánamál ríkisins - Company Announcement

Auction result RIKB 11 0722 AND RIKB 19 0226

Today at 11 am the Government Debt Management auctioned Treasury bonds in
series RIKB 11 0722 and RIKB 19 0226.  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) determines
the selling price. 


The main results of the auction were:


RIKB 11 0722
Number of bids in this series were 25, amounting to 12,570 m.kr. nominal value.
15 bids were accepted for 10,485 m.kr. nominal value at the clean price of
102.30 (yield of 5.92%). 

RIKB 19 0226
Number of bids in this series were 45, amounting to 15,660 m.kr. nominal value.
29 bids were accepted for 11,110 m.kr. nominal value at the clean price of
113.90 (yield of 6.61%). 


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, May 11. 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, May 12, 2010.

Attachments:

results rikbmay7..2010.pdf