Today at 11:00 the Government Debt Management auctioned Treasury Bills in
series RIKV 10 0517.
The auction was structured as a single-price auction which means that all
accepted bids are offered to the bidders at the same price. The lowest accepted
price (highest yield) determines the selling price. Yield is calculated as a
simple interest rate based on the Actual/360 day rule.
The main results of the auction were:
RIKV 10 0517:
Number of bids in RIKV 10 0517 were 33, amounting to ISK 22,025 million nominal
value. Bids were accepted for ISK 12,305 million nominal value at the price of
97.36 (simple interest of 8.00%).
