Today at 11:00 am, Government Debt Management auctioned Treasury bills in series RIKV 15 0115 and RIKV 15 0415.
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 15 0115:
Number of bids in the series was 8 amounting to ISK 5,410 million nominal value. Bids were accepted for ISK 5,110 million nominal value at the price of 98.838 (simple interest of 4.60%).
RIKV 15 0415:
Number of bids in the series was 2 amounting to ISK 270 million nominal value. All bids were rejected.
