The Housing Financing Fund has decided to auction HFF150914, HFF150224,
HFF150434 and HFF150644. In this auction The Housing Financing Fund aims to
accept bids up to ISK 5.000.000.000 at nominal value. The Housing Financing
Fund reserves the right to increase the amount accepted and accept any bid or
reject them all. According to primary dealership agreement between the Housing
Financing Fund and Kaupthing, Glitnir Bank, Landsbanki Íslands. Straumur -
Burðarás Investment Bank, MP Investment Bank and Saga Capital Investment Bank,
these members will only have the right to bid in the auction.
Bids are hereby requested by the Housing Financing Fund in accordance with the
following:
Issue amount: 5.000.000.000.
Min. bids: See primary dealership agreement issued 14/6/2007
Maturity: See prospectus issued 2004/06/28 and 2004/11/12
Date of issue: See prospectus issued 2004/06/28 and 2004/11/12
Coupon dates: See prospectus issued 2004/06/28 and 2004/11/12
Nominal interest rate: Fixed 3,75%
Base index: See prospectus issued 2004/06/28 and 2004/11/12
Unit value: ISK 1 dematerialized bond in each issue.
Commission: The Housing Financing Fund pays a commission of 0,15%
Price: Bids should state the price with and without commission,
the total amount, commission (in percentage) and yield.
Auction method: The bids will be accepted in accordance with the American
auction method.
Settlement of sales: Settlement is September 19th, 2007
Bids shall be submitted to the Finance Division of the Housing Financing Fund,
Höfðaborg, Borgartún 21, Reykjavík, Iceland before 09:00 hrs. on Thursday
September 13th , 2007. All bids will be answered before 09.45 hrs. on Thursday
September 13th , 2007.
Bids shall be submitted to the Housing Financing Fund enclosed in a sealed
envelope. Bids may also be submitted by e-mail to fjarstyring@ils.is or by fax
to (+354) 569-6890 on the bidding day after prior confirmation by telephone
call to the Housing Financing Fund's Finance Division on tel. (+354) 569-6990.