Treasury Issues EUR-denominated Bonds

13.12.17
Treasury Issues EUR-denominated Bonds

The Republic of Iceland has today concluded agreements on issuance of bonds totalling EUR 500 million, or the equivalent of ISK 61,5 billion.  

The bonds bear fixed interest of 0.5% and have a 5-year maturity, with a yield of 0.56%. Investors showed strong interest in the issue, with total subscriptions around EUR 3,9 billion or eight times the size of the issue.  The broad-based investor group is comprised of central banks and other institutional investors, mainly from Europe. 

Citibank, Barclays, Deutsche Bank and Nomura were joint managers for the issue.

Yesterday an offer of buy back of existing bonds of 750 million euros issued in 2014 expired. Owners of 397,6 million euros accepted the offer. Owners that wished for got a priority allocation in the new bond. Treasury’s total debt increases by 12.5 bn. ISK.

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Aðrar fréttir

Aug 24 2026
Annual reports
GDM Annual Report

The Central Bank of Iceland, under the name Government Debt Management, administers debt for the Government pursuant to a contractual agreement between the Bank and the Ministry of Finance and Economic Affairs, dated 29 January 2019. Each year, the Bank prepares a more detailed report covering the main aspects of Government debt management and borrowing by holders of Government guarantees. GDM’s annual report, which focuses on these topics and describes the management of Government debt in 2025, is published here for the first time.

GDM Annual Report 2025

Aug 19 2026
Treasury Bonds
Treasury Bond Auction Announcement - RIKB 38 0215 - RIKS 29 0917
Series RIKB 38 0215 RIKS 29 0917
ISIN IS0000037265 IS0000037711
Maturity Date 02/15/2038 09/17/2029
Auction Date 08/21/2026 08/21/2026
Settlement Date 08/26/2026 08/26/2026
10% addition 08/25/2026 08/25/2026

On the Auction Date, between 10:30 am and 11:00 am, 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. Payments for the Treasury bonds must be received by the Central Bank before 14:00 on the Settlement Date, and the Bonds will be delivered in electronic form on the same day. Article 6 of the General Terms of Auction for Treasury bonds applies for the right to purchase an additional 10%.

Further reference is made to the description of the Treasury bond and the General Terms of Auction for Treasury bonds on the Government Debt Management website.

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