Upcoming Treasury Bond Auction Announcement
The Government Debt Management is preparing for an important treasury bond auction that features two distinct series: RIKB 27 0415 and RIKB 35 0917. Investors should carefully consider the details provided to make informed decisions ahead of the auction.
Details of the Treasury Bonds
Both treasury bonds are set to be auctioned on the same day, offering investors an opportunity to participate in the government’s debt issuance process. The details for each bond series are as follows:
Bond Series and ISIN
The two bonds available for auction are:
- Series: RIKB 27 0415
ISIN: IS0000036291 - Series: RIKB 35 0917
ISIN: IS0000035574
Maturity and Auction Information
Investors should take note of the significant timelines associated with the auction:
- Maturity Date: RIKB 27 0415 matures on April 15, 2027, while RIKB 35 0917 has a maturity date of September 17, 2035.
- Auction Date: Both bonds will be auctioned on June 6, 2025.
- Settlement Date: The settlement will occur on June 12, 2025.
The Auction Process
The auction is scheduled to take place between 13:30 and 14:00. It is crucial for investors to ensure that payments for the treasury bonds are made to the Central Bank prior to the 14:00 cut-off on the settlement date. The delivery of the bonds will occur electronically on the same day.
Important Dates for Investors
Additional noteworthy dates regarding this auction include:
- 10% Addition Cut-off: June 11, 2025.
Understanding the Auction Terms
It’s essential to refer to Article 6 of the General Terms of Auction for Treasury bonds, which grants purchasers the right to acquire an additional 10% beyond their initial bid. Such provisions are designed to enhance the accessibility and flexibility for investors participating in the auction.
Contact Information
For those seeking further information regarding the upcoming auction, please feel free to reach out to Tryggvi Freyr Harðarson at the Government Debt Management. You can contact him directly at +354 569 9630 for any inquiries.
Frequently Asked Questions
What is the auction date for the treasury bonds?
The auction date for both RIKB 27 0415 and RIKB 35 0917 is June 6, 2025.
When will the bonds mature?
RIKB 27 0415 matures on April 15, 2027, while RIKB 35 0917 matures on September 17, 2035.
How can I participate in the auction?
To participate, ensure payments are made to the Central Bank before the auction cut-off time on the settlement date.
What is the settlement date for the auction?
The settlement date for the auction is June 12, 2025.
Who can I contact for more information?
You can contact Tryggvi Freyr Harðarson at +354 569 9630 for any additional questions regarding the auction.
