Today at 11:00 the Government Debt Management auctioned Treasury bills in
series RIKV 11 0117.
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 11 0117:
Number of bids in the series was 27, amounting to ISK 21,058 million nominal
value. Bids were accepted for ISK 20,058 million nominal value at the price of
98.47 (simple interest of 4.58%).
