Treasury Bond Auction Details for Upcoming Series RIKB Bonds
Upcoming Treasury Bond Auction Overview
The upcoming Treasury bond auction presents a significant opportunity for investors to participate in government-backed securities. The auction is set to feature two important series of bonds, identified as RIKB 27 0415 and RIKB 35 0917. These bonds are crucial for anyone looking to diversify their investment portfolio with stable and secure financial instruments.
Key Information About the Auction
Investors should take note of several vital details regarding the auction. Scheduled for a date in October, the auction will commence between 10:30 am and 11:00 am. During this window, the Government Debt Management will auction the Treasury bonds associated with their respective series and International Securities Identification Numbers (ISINs).
Understand the Series and ISINs
Below is the necessary information regarding the bonds being auctioned:
- Series: RIKB 27 0415
- ISIN: IS0000036291
- Maturity Date: 04/15/2027
- Series: RIKB 35 0917
- ISIN: IS0000035574
- Maturity Date: 09/17/2035
Auction Dates and Settlement Information
The auction will take place on a specified date in October, with the settlement for the bonds following closely thereafter. Important dates include the auction date and the associated settlement date:
- Auction Date: Same day for both series
- Settlement Date: 10/09/2024
- 10% Addition Deadline: 10/08/2024
Why Participate in the Auction?
The opportunity to invest in these Treasury bonds is appealing for various reasons. They represent a stable form of investment and provide returns backed by the government. This auction serves as a gateway for seasoned investors and newcomers alike to participate in a structured market of secure securities.
Participation Guidelines
For those interested in participating in this auction, payments for the Treasury bonds must be made to the Central Bank by a designated time on the settlement date. Ensuring timely payment is critical to secure the acquisition of the bonds. Once the payments are confirmed, the bonds will be delivered electronically on the same day, streamlining the investment process.
Additional Information Resources
The General Terms of Auction for Treasury bonds will apply during this auction, offering guidelines and security about the additional purchase options. Investors are encouraged to familiarize themselves with this document to enhance their understanding of the auction's specifics.
Contact for Inquiries
For any questions or further information regarding the auction, investors can reach out to Magnús Freyr Hrafnsson from the Government Debt Management team at the contact number provided: +354 569 9679. Professional assistance is available to ensure all queries are addressed efficiently.
Frequently Asked Questions
What is the purpose of the Treasury bond auction?
The auction allows investors to buy government bonds, which are considered a safe investment option, providing stability and potential returns.
How can I participate in the auction?
Investors must ensure their payments are received by the Central Bank by the specified deadline on the settlement date to secure their bond acquisition.
What are the maturity dates for the RIKB bonds?
The RIKB 27 0415 bond matures on 04/15/2027, while the RIKB 35 0917 bond has a maturity date of 09/17/2035.
Are there additional purchase options?
Yes, Article 6 of the General Terms of Auction allows for the purchase of an additional 10% of the bonds.
Who can I contact for more information?
Magnús Freyr Hrafnsson from the Government Debt Management team is available at +354 569 9679 for any inquiries regarding the auction.
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