On Thursday, 17 April, 2008, at 14:00, the Central Bank of Iceland will conduct
an auction of non-indexed Treasury Notes.
This is a series of Treasury Notes, RIKB 19 0226, with an annual coupon of
8,75% and a final maturity date on February 26, 2019.
The maximum total amount offered in this auction will be 10,000 m.kr. nominal
value. Only primary dealers in Government securities are authorised to submit
bids in this auction. They also submit bids on behalf of investors. The minimum
amount of each bid is 1 m.kr. nominal value.
The payment and settlement date is Monday, 21 April, 2008.
For this auction, the Central Bank requests bids for the following series:
Series
RIKB 19 0226
*Nominal value
ISIN
IS0000017077
Maturity date
February 26, 2019
Outstanding amount*
13.340 m.kr.
Time to maturity
11 years
After the results of the auction are available, the Central Bank on the behalf
of the Treasury, will offer primary dealers the equivalent of 10% of the
nominal value sold in the auction, at the yield of accepted bids, until 14:00
on the settlement date of the auction. 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 one day after the transaction date (T+1).
Further information can be obtained from Oddgeir Gunnarsson, International and
Market Department, Central Bank of Iceland, at +354 569 9635.
