Lánamál ríkisins - Company Announcement

Auction result of nominal bonds RIKB 16 1013 & RIKB 20 0205

<span style="font-size:12pt;">Today at 11:00 pm, Government Debt Management
auctioned Treasury Bonds in the series RIKB 16 1013 and RIKB 20 0205. 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.</span><span
style="font-size:11pt;"></span><span style="font-size:12pt;">The main results of the auction were:</span><strong style="font-size: 11pt;"><span style="font-size:12pt;">RIKB 16
1013:</span><span style="font-size:12pt;">Number of bids in this series were 9, amounting
to 5,450 m.kr. nominal value. 4 bids were accepted for 2,600 m.kr. nominal
value at the clean price of 102.110 (yield of 5.09%).</span><strong style="font-size: 11pt;"><span style="font-size:12pt;">RIKB 20
0205:</span><span style="font-size:12pt;">Number of bids in this series were 20, amounting
to 3,915 m.kr. nominal value. 14 bids were accepted for 3,165 m.kr. nominal
value at the clean price of 99.500 (yield of 6.35%).</span><span style="font-size:11pt;"></span><span style="font-size:12pt;">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 Thursday, 13 March. 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 Friday, 14 March, 2014.</span>

Attachments:

ResultsRIKB_11.Mar.2014.pdf