Upcoming Treasury Bill Auction for RIKV Series on Auction Day
Upcoming Treasury Bill Auction for RIKV Series on Auction Day
The Government is set to hold an important auction for Treasury bills known as the RIKV series. This event will take place soon, presenting an opportunity for investors to purchase government-backed securities. The focus of the upcoming auction will be on two specific series: RIKV 25 0416 and RIKV 25 0820.
Details of the Series
Each Treasury bill series comes with unique identifiers and maturity dates. For instance, the RIKV 25 0416 series corresponds to the ISIN number IS0000036820 while the RIKV 25 0820 is associated with ISIN IS0000037216. Understanding these series is important for navigating the auction effectively.
ISIN Numbers and Their Significance
The ISIN, or International Securities Identification Number, is crucial for identifying securities universally. Each Treasury bill features its distinct ISIN, which helps investors track their investments and access necessary information related to each series. These identifiers enhance security and transparency in the trading of government securities.
Maturity and Auction Dates
Investors need to pay close attention to the maturity and auction dates of these Treasury bills. The RIKV 25 0416 is set to mature on April 16, 2025, while the RIKV 25 0820 matures on August 20, 2025. Both series will be auctioned on January 13, 2025.
Understanding Settlement Dates
The settlement date is when the payment for the purchased Treasury bills must be made. For both series, the settlement will occur on January 15, 2025. This means that all payments must be confirmed by the Central Bank by 2:00 PM on that date.
The Auction Process
On the designated auction day, between 10:30 AM and 11:00 AM, the Government Debt Management team will conduct the auction. It's essential for all interested bidders to be prepared within this timeframe, as it allows for competitive bidding for the available Treasury bills. This process ensures efficient distribution of these financial instruments.
Delivery of Bills
Once the auction concludes, payments for the Treasury bills must reach the Central Bank, which is crucial for the finalization of the transaction. The bills will then be delivered to investors electronically on the same day, streamlining the entire process.
Further Information Resources
For those looking for more comprehensive details regarding the terms associated with Icelandic Treasury bills, there are general resources available. Investors can refer to the General Terms of Icelandic Treasury bills and the General Terms of Auction, found on relevant government websites. Familiarizing yourself with these terms can provide insights into the auction's regulatory framework.
Contact for Inquiries
For further details or specific inquiries regarding the upcoming auction, interested parties can reach out directly to Magnús Freyr Hrafnsson at Government Debt Management. He can be contacted at +354 569 9679 to address any questions or concerns about the Treasury bills.
Frequently Asked Questions
What are the dates for the RIKV Treasury bill auction?
The auction for the RIKV series will occur on January 13, 2025.
What is the ISIN for RIKV 25 0416?
The ISIN for RIKV 25 0416 is IS0000036820.
When do the RIKV 25 0416 bills mature?
These bills are set to mature on April 16, 2025.
How will the delivery of the Treasury bills occur?
The bills will be delivered electronically on the same day of the auction after payment confirmation.
Who can I contact for more information?
You can reach out to Magnús Freyr Hrafnsson at +354 569 9679 for any inquiries related to the auction.
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