Today at 11:00 the Government Debt Management auctioned Treasury bills in
series RIKV 11 0215.
The auction was structured as a single-price auction which means that all
accepted bids are offered to the bidders at the same price. The lowest accepted
price (highest yield) determines the selling price. Yield is calculated as a
simple interest rate based on the Actual/360 day rule.
The main results of the auction were:
RIKV 11 0215:
Number of bids in the series was 29, amounting to ISK 19,896 million nominal
value. Bids were accepted for ISK 12,101 million nominal value at the price of
98.62 (simple interest of 4.10%)
