Today the National Debt Management Agency (NDMA) auctioned Treasury Notes in series RIKB 08 1212. In this auction the offered amount ranged from 1,500 to 3,000 m.kr. at nominal value. The main results of the auction were: Number of bids in RIKB 08 1212 were 19, amounting to ISK 5,900 million nominal value. Bids were accepted for ISK 1,500 million nominal value at average yield of 12.47%. Highest accepted yield was 12.51% and lowest accepted yield was 12.42%. The NDMA offers the equivalent of 10% of the amount sold to Primary Dealers in a non-competitive auction which equals ISK 150 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 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 0 11.68% 11.80% 11.76% 3.14.2007 5,900 1,500 12.42% 12.51% 12.47%