Upcoming Treasury Bond Auction: Key Details for Investors

Upcoming Treasury Bond Auction
The Government Debt Management is gearing up for an important auction involving Treasury bonds. This event is particularly noteworthy for those interested in the RIKB 27 0415 and RIKB 38 0215 series. If you are an investor, it's essential to understand the details surrounding this auction, including important dates and terms.
Auction Details
On the auction date, which is set for May 9, 2025, between 10:30 am and 11:00 am, Treasury bonds in the specified series will be auctioned off. Investors must prepare to participate during this narrow time frame. The bonds are distinguished by their respective ISIN numbers: IS0000036291 for RIKB 27 0415 and IS0000037265 for RIKB 38 0215.
Maturity and Settlement
Each bond has an assigned maturity date, with RIKB 27 0415 maturing on April 15, 2027, and RIKB 38 0215 on February 15, 2038. Investors should be aware that payments for these bonds must be made to the Central Bank by 14:00 on the settlement date, which is May 14, 2025. This ensures that the bonds are delivered in electronic form to investors on the same day.
Additional Purchase Option
Article 6 of the General Terms of Auction for Treasury bonds allows investors the right to purchase an additional 10% of the offered bonds. This could be a beneficial option for those looking to bolster their holdings, providing room for more substantial investment without requiring separate auction bids.
Information Resources
For more details regarding the Treasury bonds, investors can refer to the official descriptions of the securities. This listing provides crucial insights and additional terms that may impact investors' decisions.
Contact Information
If you have further inquiries, reach out to Oddgeir Gunnarsson at the Government Debt Management office via phone at +354 569 9635. There’s no question too small when it comes to safeguarding your investments.
Frequently Asked Questions
What are the auction dates for the Treasury bonds?
The auction for the RIKB 27 0415 and RIKB 38 0215 bonds is scheduled for May 9, 2025.
How can I participate in the Treasury bond auction?
To participate, ensure you are ready to submit your bids between 10:30 am and 11:00 am on the auction date.
What is the maturity date for these bonds?
The RIKB 27 0415 matures on April 15, 2027, while the RIKB 38 0215 matures on February 15, 2038.
What is the importance of the 10% additional purchase option?
This option allows investors to enhance their holdings of the offered bonds without the need for additional bids.
Who can I contact for more information about the bonds?
You can contact Oddgeir Gunnarsson at +354 569 9635 for any further information regarding the Treasury bonds.
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