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2009-11-17 17:40:00 CET 2009-12-07 10:54:42 CET REGULATED INFORMATION Lánamál ríkisins - Company AnnouncementAuction of Treasury Notes RIKB 11 0722 & RIKB 25 0612On Friday, 20 November at 14:00 the Government Debt Management will conduct an auction of two series of Treasury notes. The series that will be offered are RIKB 11 0722 and RIKB 25 0612. The total amount of accepted bids will be announced after the auction. The GDM reserves the right to accept all of the submitted bids, accept part of them, or reject all of them. Only primary dealers in Treasury 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. The auction will be structured as a single-price auction, which means that all accepted bids will be sold to primary dealers at the same price. The lowest accepted price (highest 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 Government Debt Management will not accept any offers in RIKB 11 0722 that are higher in yield than 7.5%. The payment and settlement date is Wednesday, November 25, 2009. For this auction, the GDM requests bids for the following series: Series Maturity date Outstanding amount* Time to maturity RIKB 11 0722 July 22, 2011 6,622 m.kr. 1.7 years RIKB 25 0612 June 12, 2025 19,617 m.kr. 15.6 years *Nominal value After the results of the auction are available, the GDM will offer primary dealers the equivalent of 10% of the nominal value sold in the auction, at the price of accepted bids, until 14:00 on Tuesday, November 24. 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 November 25, 2009. |
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