News

Feb 15 2025
Credit Rating
Fitch Affirms Iceland at ‘A’; Outlook Stable

Fitch Ratings has affirmed Iceland's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A' with a Stable Outlook. 

Iceland's 'A' rating is underpinned by very high income per capita and governance indicators akin to 'AAA' and 'AA' category sovereigns. Strong fundamentals include sizeable pension fund assets, a sound banking sector, and resilient private sector balance sheets. Ample foreign reserves help mitigate Iceland's external vulnerabilities. The rating remains constrained by Iceland's small economy with limited export diversification. 

Increased confidence in a sharp and sustained decline in the government debt-to-GDP ratio and higher trend growth and/or evidence of economic diversification that reduces Iceland's vulnerability to external shocks, could lead to a positive rating action. 

A marked deterioration in the debt-to-GDP ratio, from a sustained period of fiscal loosening and a severe economic shock, for example, due to a sharp correction in the real estate market, could lead to a negative rating action.  

Further information on www.government.is

Feb 13 2025
Treasury Bills
Treasury Bill Auction Announcement - RIKV 25 0521 - RIKV 25 0820
Series RIKV 25 0521 RIKV 25 0820
ISIN IS0000036986 IS0000037216
Maturity Date 05/21/2025 08/20/2025
Auction Date 02/17/2025 02/17/2025
Settlement Date 02/19/2025 02/19/2025

On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bills in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Payments for the Treasury bills must be received by the Central Bank before 14:00 on the Settlement Date and the Bills will be delivered in electronic form on the same day.

Further reference is made to the General Terms of Icelandic Treasury bills and General Terms of Auction for Treasury bills on the Government Debt Management website.

For additional information please contact Oddgeir Gunnarsson, Government Debt Management, at +354 569 9635.

Events

Feb
21

Auction of Treasury Bonds

21.2.2025 00:00:00
Feb
27

CPI announcement

27.2.2025 00:00:00
Mar
7

Auction of Treasury Bonds

7.3.2025 00:00:00
Non-indexed Change Price Yield
RIKB 25 0612 99.80 8.46
RIKB 26 1015 98.44 7.76
RIKB 27 0415 100.47 7.74
RIKB 28 1115 92.94 7.21
RIKB 31 0124 98.23 6.87
RIKB 35 0917 102.18 6.70
RIKB 42 0217 79.20 6.57
Indexed Change Price Yield
RIKS 26 0216 97.15 4.50
RIKS 30 0701 101.40 2.96
RIKS 33 0321 100.88 2.88
RIKS 37 0115 83.90 2.59
Data delayed by 15 min.