Lánamál ríkisins - Other information disclosed according to the rules of the Exchange

Buyback of Treasury bonds RIKH 18 1009

Government Debt Management has decided not to hold an auction of Treasury bonds on Friday 9 June 2017.  Instead Government Debt Management will offer to buy back bonds using an auction format. The Treasury offers to buy back nominal bonds in series RIKH 18 1009, which matures on 9 October 2018. The purpose of the buyback is to reduce the size of the series which is currently 154 b.kr., and thereby reduce the Treasury’s refinancing risk at maturity. 

The total amount of accepted bids may range up to 15,000 m.kr.  The results will be announced at the end of the buyback. 

Government Debt Management reserves the right, on behalf of the Treasury, to accept some or all of the bids placed, or to reject all of them. Only primary dealers in Government securities are authorised to submit bids in this buyback; however, they may also submit bids on behalf of investors. The minimum amount of each bid is 1 m.kr. nominal value. 

The buyback will have a multiple-price format; i.e., all accepted bids will be offered at the price submitted. In other respects, reference is made to the Terms of Buyback, which accompany this press release. 

 

The date of payment and settlement is Wednesday 14 June 2017. 

 

Further information can be obtained from Björgvin Sighvatsson, Head of Government Debt Management, at tel +354 569 9633. 

Attachments:

Press release 7 May.2017.pdf

AuctionTermsRIKH18_9_May.2017.pdf