Upcoming Treasury Bill Auction Insights and Key Details
Essential Information on the Upcoming Treasury Bill Auction
The Government Debt Management is set to conduct an auction for Treasury bills, specifically the RIKV 25 0521 and RIKV 25 0917 series. This exciting event will take place shortly, and investors should prepare to participate.
Key Auction Details
The auction will be held on a designated date, providing a unique opportunity for investors looking to add Treasury bills to their portfolios. The following key details are included in the auction bid:
Series
Two distinct series of Treasury bills will be auctioned: RIKV 25 0521 and RIKV 25 0917. Each series offers specific investment benefits depending on their maturity dates and characteristics.
ISIN Information
The International Securities Identification Numbers (ISINs) are unique identifiers for these Treasury bills: RIKV 25 0521 holds the ISIN IS0000036986, while RIKV 25 0917 is identified as IS0000037349. This information is crucial for potential buyers in ensuring they are tracking the correct securities.
Maturity and Auction Dates
The maturity dates for these Treasury bills are as follows:
RIKV 25 0521
This Treasury bill matures on May 21, 2025, offering a long-term hold for investors looking for stability in their investment.
RIKV 25 0917
In contrast, the RIKV 25 0917 bill matures on September 17, 2025, providing a slightly shorter investment horizon compared to its counterpart.
Details of the Auction Process
The auction is scheduled for March 17, 2025, from 10:30 AM to 11:00 AM. During this time, investors can submit their bids for the Treasury bills. The aim is to manage the demand effectively and ensure a smooth transaction process.
Settlement Procedures
Crucially, settlement will occur two days post-auction on March 19, 2025. Investors need to ensure that payments are submitted to the Central Bank before 14:00 on that date. The bills will be delivered electronically, ensuring timely and efficient execution of the trades.
Registration of Treasury Bills
It's worth noting the different registration processes for these Treasury bills. The RIKV 25 0917 will be registered electronically with the Verðbréfamiðstöð Íslands hf. central securities depository (VBM), which adds a layer of security and efficiency. Alternatively, the RIKV 25 0521 is registered at Nasdaq CSD, showcasing its noted presence in the investment community.
Need More Information?
If you have any questions or need further details about the auction, reach out to Oddgeir Gunnarsson from the Government Debt Management team. He can be contacted at +354 569 9635 for any inquiries or clarifications regarding this auction.
Frequently Asked Questions
When is the Treasury bill auction taking place?
The auction is scheduled for March 17, 2025, between 10:30 AM and 11:00 AM.
What are the maturity dates for the Treasury bills?
The RIKV 25 0521 bill matures on May 21, 2025, while the RIKV 25 0917 matures on September 17, 2025.
How can I participate in the auction?
Investors can submit their bids during the auction hours on March 17, 2025. Make sure your payments are processed by the Central Bank before the deadline.
Where will the Treasury bills be registered?
RIKV 25 0917 will be registered at Verðbréfamiðstöð Íslands hf. (VBM), whereas RIKV 25 0521 is registered at Nasdaq CSD.
Who can I contact for further inquiries about the auction?
For any additional information, contact Oddgeir Gunnarsson at the Government Debt Management office at +354 569 9635.
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