Today at 11:00 the Government Debt Management auctioned Treasury bills in series RIKV 11
0615 and RIKV 11 0915.
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 11 0615:
Number of bids in the series was 17 amounting to ISK 8,441 million nominal value. Bids were
accepted for ISK 7,241 million nominal value at the price of 99.239 (simple interest of 3.00%).
RIKV 11 0915:
Number of bids in the series was 21 amounting to ISK 11,111 million nominal value. Bids were
accepted for ISK 9,061 million nominal value at the price of 98.440 (simple interest of 3.10%).
