News Column

Issuance of RIKS 33 0321 in foreign exchange auction

June 24, 2014

Today, 24 June 2014, an auction was held by The 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 231,674,449 kr. nominal value. The accepted exchange rate in the auction was 186 krona for each Euro. On 20 June the fixed price for this Treasury bond was announced as 105.976296 kr. with accrued interest and indexation (e. dirty price) with a settlement date of 27 June 2014 (yield 3.20%)1 ____________________ 1Clean price being 97.21 Copyright © 2014 OMX AB (publ).

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Source: OMX

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