Lánamál ríkisins - Company Announcement

Auction result of nominal bonds RIKB 16 1013

Today at 11:00 am, Government Debt Management auctioned Treasury Bonds in the
series RIKB 16 1013. 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. 

The main results of the auction were:

RIKB 16 1013:
Number of bids in this series were 13, amounting to 10.400 m.kr. nominal value.
One bid was accepted for 2.000 m.kr. nominal value at the clean price of 98.400
(yield of 6,35%). 

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, 14 June. 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, 15 June, 2011. 

The Government Debt Management has fulfilled its issuance schedule for the
second quarter of 2011, therefore T-bond auction scheduled 24 June is
cancelled.

Attachments:

Results.pdf