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Treasury Bond Auction Announcement - RIKB 24 0415 - RIKB 28 1115 - Switch Auction or Cash payment

·1-min read
The Republic of Iceland – Government Debt Management
The Republic of Iceland – Government Debt Management

Series

RIKB 24 0415

RIKB 28 1115

ISIN

IS0000033009

IS0000028249

Maturity Date

04/15/2024

11/15/2028

Auction Date

08/12/2022

08/12/2022

Settlement Date

08/17/2022

08/17/2022

10% addition

08/16/2022

08/16/2022

 

Buyback issue

RIKB 22 1026

 

Buyback price (clean)

100.2200

 

On the Auction Date, between 10:30 a.m. and 11:00 a.m., the Government Debt Management will auction Treasury bonds in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Article 6 of the General Terms of Auction for Treasury bonds applies for the right to purchase an additional 10%. The Treasury bonds will be delivered in electronic form on the Settlement Date.

Payment for the bonds can be made in cash or with the Buyback issue at the Buyback price.

Payment in cash for the Treasury bonds must be received by the Central Bank before 14:00 on the Settlement Date. If payment is made with the Buyback issue, a notification of the amount must be received no later than by 14:00 on the day before the Settlement Date. In that case, the value of the Buyback bond is determined by the Buyback price plus accrued interest (i.e. dirty price).

No fee is paid in relation to the purchase of RIKB 22 1026.

Further reference is made to the description of the Treasury bond and the General Terms of Auction of Treasury Bonds.

For additional information please contact Magnús Freyr Hrafnsson, Government Debt Management, at +354 569 9679.