Auction results RIKV 10 0816

Today at 11:00 the Government Debt Management auctioned Treasury bills in
series RIKV 10 0816. 

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 10 0816:
Number of bids in the series were 59, amounting to ISK 37,737 million nominal
value. Bids were accepted for ISK 20,000 million nominal value at the price of
97.75 (simple interest of 6.74%).