28.01.21
Treasury issues eurobond with 0% coupon

Today the Republic of Iceland issued a bond in the amount of 750 million euros, the equivalent of ISK 117bn. The bond bears fixed 0% interest and is issued for seven years at a yield of 0,117%.

Investors showed keen interest, with demand totalling EUR 3.5bn, or more than four times the amount of the issue. The investor group comprises banks, insurance companies, and other institutional investors, mainly from Northern Europe. Joint lead managers for the issue were Citibank, Barclays, and Deutsche Bank.

“The investor response is a sign that the Treasury has ready access to global markets. It reflects confidence in our strength and our ability to address the economic repercussions of the global pandemic. With this bond issue, the Treasury further strengthens its long-term situation, as its liquidity position is very good at present,” said Minister of Finance and Economic Affairs Bjarni Benediktsson. 

During the book building process, the Treasury’s terms improved by 12 basis points from the initial price guidance. The buyer group included well over 150 investors.

“Today’s issue is in line with the Treasury’s debt management strategy, as the Government’s increased financing needs in coming years will partly be met with foreign borrowing or by tapping the Treasury’s foreign-denominated deposits with the Central Bank of Iceland. Market conditions are particularly favourable at present, as the terms on today’s issue demonstrate,” said the Minister.

Aðrar fréttir

Jul 10 2025
Treasury Bills
Treasury Bill Auction Announcement - RIKV 25 1119
Series RIKV 25 1119
ISIN IS0000037547
Maturity Date 11/19/2025
Auction Date 07/14/2025
Settlement Date 07/16/2025

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 number and with the Maturity Date 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 Magnús Freyr Hrafnsson, Government Debt Management, at +354 569 9679.

Jul 07 2025
Treasury Bonds
Market making for RIKS 29 0917 begins

Following the switch auction held on July 4, 2025, and with reference to the Primary Dealer Agreement concerning issuance of government securities and market making in the secondary market dated March 21, 2025, it has been decided to begin market making with RIKS 29 0917 from the Settlement date of the auction, i.e. July 9, 2025. Primary dealers will be obliged to submit bids and offers for a minimum nominal value of 100 m.kr. in the series. From the same date repo facilities to each primary dealer will be 2 bn.kr. nominal value.

Further information can be obtained from Government Debt Management at tel: +354 569 9994 or by email to lanamal@lanamal.is.