Today at 11:00 am, Government Debt Management auctioned Treasury bills in series RIKV 13 0415 and RIKV 13 0715.
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 13 0415:
Number of bids in the series was 7 amounting to ISK 6,350 million nominal value. Bids were accepted for ISK 5,950 million nominal value at the price of 99.206 (simple interest of 3.20%).
RIKV 13 0715:
Number of bids in the series was 6 amounting to ISK 1,800 million nominal value. Bids were accepted for ISK 1,300 million nominal value at the price of 98.319 (simple interest of 3.40%).
