Treasury sale of HFF bonds and previously issued Treasury notes


Following the collapse of the banks, the Treasury acquired
Government-guaranteed securities that had been submitted as collateral for
securities loans that it took over. The following are the series and their
nominal value: 

 
Series		Nominal value in b.kr.
HFF150914	     	 2.2
HFF150224		 5.9
HFF150434		 7.5
HFF150644		 5.3
RIKB 13 0517		 3.8
RIKB 19 0226		 3.2
Total			27.9


It has been decided to sell these securities in the near future, and the
proceeds will be used to further improve the Treasury's balance at the Central
Bank of Iceland. It is planned to sell the securities in several lots so as to
minimise the impact on secondary market pricing. 

Further information can be obtained from Björgvin Sighvatsson, International
and Market Operations Department, Central Bank of Iceland, at +354 569 9633.