Today at 14:00 o'clock the Central Bank of Iceland auctioned Inflation-linked
Treasury bonds in series RIKS 21 0414. The auction was structured as a
single-price auction which means that all accepted bids are offered at the same
price. The highest accepted yield determines the price.
The main results of the auction were:
Number of bids were 55, amounting to ISK 33,082 million nominal value. Bids
were accepted for ISK 5,870 million nominal value at yield of 3.80%, which
also will be the real coupon of the bonds.
After the results of the auction are available, the Central Bank will offer
primary dealers 10% of the nominal value sold in the auction at the price of
accepted bids, until 14:00 on Thursday, April 13. 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 Wednesday, 14 April 2010
