Today the National Debt Management Agency (NDMA) auctioned Treasury Notes in series RIKB 08 1212. In this auction the offered amount ranged from 2,500 to 5,000 m.kr. at nominal value. The main results of the auction were: Number of bids in RIKB 08 1212 were 16, amounting to ISK 4,200 million nominal value. Bids were accepted for ISK 2,550 million nominal value at average yield of 11.76%. Highest accepted yield was 11.80% and lowest accepted yield was 11.68%. The NDMA offers the equivalent of 10% of the amount sold to Primary Dealers in a non-competitive auction which equals ISK 255 million. A Primary Dealer will have the option to purchase an amount equal to its market share in the competitive auction at the weighted average yield of the current competitive auction. Settlement date is one day after business day, that is T+1. The next auction in series RIKB 08 1212 will be held on March 14th, but as stated before the aim is to build the series up to ISK 15 billion. The Auction results for Treasury Notes in series RIKB 08 1212 are the following (nominal value): Date Total Bids (M ISK) Competitive bids accepted (M ISK) Non-competitive bids accepted (M ISK) Low. Acc. Yield % Highest Acc. Yield % Average Acc. Yield % 12.13.2006 7,200 4,700 0 10.30% 10.51% 10.44% 1.17.2007 12,900 4,950 0 11.22% 11.28% 11.26% 2.14.2007 4,200 2,550 11.68% 11.80% 11.76%