On Wednesday, 13 February at 11:00 am, Government Debt Management will conduct an auction of Treasury bills RIKV 13 0515 and RIKV 13 0815 which mature on 15 May and 15 August 2013.
The GDM reserves the right to accept all of the submitted bids, part of them or reject all of them. Only primary dealers in Treasury 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 auction will be structured as a single-price auction, which means that all accepted bids will be sold to primary dealers at the same price. The lowest accepted price (highest yield) will determine the selling price. In other respects, reference is made to the Terms of Invitation to Tender, which accompany this press release.
The payment and settlement date is Friday, 15 February 2013.
Application to start trading in RIKV 13 0815 on Monday, 18 February 2013 will be sent to the NASDAQ OMX in Iceland.