Issuance of RIKS 33 0321 in foreign exchange auction

2/5/2013 11:01 AM EST

Government Debt Management
Company Announcement

Issuance of RIKS 33 0321 in foreign exchange auction


Today, 5 February 2013, an auction was held by Central Bank of Iceland in which
the Bank offered to purchase euros versus payment in the indexed Treasury
series RIKS 33 0321. This measure is an element in the removal of restrictions
on capital account transactions and will reduce the annual Treasury’s
refinancing need. Bonds sold in the series amounted to 615,027,841 kr. nominal
value. 

The accepted exchange rate in the auction was 230 krona for each Euro.

On 14 December the fixed price for this Treasury bond was announced as
111.629093 kr. with accrued interest and indexation (e. dirty price) with a
settlement date of 8 February 2013 (yield 2.65%)1 

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  1 Clean price being 105.4