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2009-02-17 17:24:08 CET 2009-02-17 17:25:10 CET REGULATED INFORMATION Lánamál ríkisins - Company AnnouncementAuction announcement RIKB 13 0517 og RIKB 19 0226On Friday, 20 February at 14:00 the Central Bank of Iceland will conduct an auction in two series of Treasury notes. The maximum total amount offered in this auction will be 10,000 m.kr. nominal value in the series RIKB 13 0517 and RIKB 19 0226. The Central Bank reserves the right to accept all of the submitted bids, 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 Dutch auction, which means that all accepted bids will be offered to primary dealers at the same price. The lowest accepted price 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 Wednesday, February 25, 2009. For this auction, the Central Bank requests bids for the following series: Series RIKB 13 0517 Maturity date May 17,2013 Outstanding amount 33,966 m.kr. Time to maturity 4,3 years Series RIKB 19 0226 Maturity date Feb. 26,2019 Outstanding amount 44,669 Time to maturity 10 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 price of accepted bids, until 14:00 on Tuesday, February 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 February 25, 2009. Further information can be obtained from Oddgeir Gunnarsson, International and Market Department, Central Bank of Iceland, at +354 569 9633. |
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