Today at 11:00 am, Government Debt Management auctioned Treasury bills in series RIKV 11 1017 and RIKV 12 0116.
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 1017:
Number of bids in the series was 22 amounting to ISK 13,862 million nominal value. Bids were accepted for ISK 12,862 million nominal value at the price of 99.225 (simple interest of 2.99%).
RIKV 12 0116:
Number of bids in the series was 17 amounting to ISK 6,500 million nominal value. Bids were accepted for ISK 6,000 million nominal value at the price of 98.582 (simple interest of 2.80%).
