The Central Bank repurchases Treasury securities


In connection with Parliamentary handling of the Act on the Treatment of Króna-Denominated Assets Subject to Special Restrictions which entered into force Yesterday, the Central Bank wishes to emphasise the following. The Bank is currently preparing a foreign currency auction for owners of offshore krónur, and the terms and conditions for the auction, as well as its date, will be publicised very soon. Those owners of offshore krónur that own Treasury securities and securities bearing a State guarantee will be able to deliver them to the Central Bank as payment for foreign currency in the auction without previously selling the securities in the market. The repurchase prices of the securities will be published during the prelude to the auction and will be determined in accordance with their market price.