Thursday, 10. May, 2012
In an announcement from Government Debt Management (GDM) dated 17 April 2012, it is stated that purchasers of foreign currency in upcoming Central Bank of Iceland auctions can sell the GDM their Treasury bills and bonds maturing before year-end 2013 so as to finance the purchases. On 3 May, GDM announced the terms offered to purchasers of foreign currency in the auction, held yesterday, 8 May.
On behalf of the Treasury, GDM did not purchase any Treasury bonds.
Press release.pdf
Wednesday, 09. May, 2012
Today, 9 May 2012, 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 3,020,959,328 kr. nominal value.
The accepted exchange rate in the auction was 238.8 krona for each Euro.
On 3 May the fixed price for this Treasury bond was announced as 102.090153 per nominal unit with accrued interest and indexation (e. dirty price) with a settlement date of 11 May 2012 (yield 3.00%)1
Press release (pdf)