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

Apr 17 2024
Treasury Bonds
Treasury Bond Auction Announcement - RIKB 27 0415 - New Series
Series RIKB 27 0415
ISIN IS0000036291
Maturity Date 04/15/2027
Auction Date 04/19/2024
Settlement Date 04/24/2024
10% addition 04/23/2024

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 number and with the Maturity Date 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 Tryggvi Freyr Harðarson, Government Debt Management, at +354 569 9630.