Upcoming Treasury Bond Auction Details for Investors
Important Details on the Upcoming Treasury Bond Auction
On the horizon, there's an exciting opportunity for investors to partake in the upcoming Treasury Bond auction featuring the RIKB 27 0415 and RIKB 35 0917 series. This auction is set to take place with several important dates to note, all crucial for those looking to add these bonds to their portfolio.
Understanding the Series Offered
The bonds involved in this auction are identified by their respective ISIN numbers: IS0000036291 for RIKB 27 0415 and IS0000035574 for RIKB 35 0917. These identifiers will help investors easily track their investments and understand their value in the market.
The Maturity Dates
The RIKB 27 0415 bond is scheduled to mature on April 15, 2027, while the RIKB 35 0917 will mature on September 17, 2035. These maturity dates signify the timeline for when the investor can expect to receive their principal back, along with any interest accrued.
Auction Logistics
The auction will be held on January 24, 2025, and investors can participate between 10:30 AM and 11:00 AM. This is a critical time frame during which bids will be accepted. It’s advisable for prospective buyers to prepare beforehand to ensure they don’t miss the opportunity to secure these bonds.
Payment and Settlement Information
To successfully complete a bond purchase, payments must be made to the Central Bank prior to 14:00 on the settlement date, which is set for January 29, 2025. This timing ensures that the bonds can be delivered electronically on the same day, allowing for a streamlined transaction process.
Additional Options for Investors
Investors interested in purchasing these Treasury bonds also have the option to acquire an additional 10% of the amount they are purchasing, as outlined in Article 6 of the General Terms of Auction for Treasury bonds. This can be an attractive incentive for those looking to expand their investment.
Contact Information for Assistance
For more detailed inquiries or if any questions arise concerning the auction process, it is recommended to reach out to Oddgeir Gunnarsson from Government Debt Management at +354 569 9635. His expertise will ensure that investors have all the necessary information before engaging in the auction.
Frequently Asked Questions
What are the main series offered in the auction?
The auction features the RIKB 27 0415 and RIKB 35 0917 series Treasury bonds.
When is the auction date for the Treasury bonds?
The auction is scheduled for January 24, 2025, between 10:30 AM and 11:00 AM.
What are the maturity dates of the offered bonds?
RIKB 27 0415 matures on April 15, 2027, while RIKB 35 0917 matures on September 17, 2035.
How must payments be processed?
Payments must be received by the Central Bank before 14:00 on the settlement date, which is January 29, 2025.
Who can I contact for further information?
Investors can reach Oddgeir Gunnarsson from Government Debt Management at +354 569 9635 for more details.
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