Today at 11:00 am, Government Debt Management auctioned Treasury bills in series RIKV 14 0515 and RIKV 14 0815.
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 14 0515:
Number of bids in the series was 7 amounting to ISK 1,100 million nominal value. Bids were accepted for ISK 750 million nominal value at the price of 98.960 (simple interest of 4.35%).
RIKV 14 0815:
Number of bids in the series was 8 amounting to ISK 4,680 million nominal value. Bids were accepted for ISK 3,170 million nominal value at the price of 97.810 (simple interest of 4.50%).