Today at 11:00 the Government Debt Management auctioned Treasury bills in series RIKV 11 0516 and RIKV 11 0815.
The auction was structured as a single-price auction which means that all accepted bids are offered to the bidders at the same price. The lowest accepted price (highest yield) determines the selling price. Yield is calculated as a simple interest rate based on the Actual/360 day rule.
The main results of the auction were:
RIKV 11 0516:
Number of bids in the series was 30 amounting to ISK 18,825 million nominal value. Bids were accepted for ISK 9,125 million nominal value at the price of 99.275 (simple interest of 2.92%).
RIKV 11 0815:
Number of bids in the series was 21 amounting to ISK 11,775 million nominal value. Bids were accepted for ISK 6,190 million nominal value at the price of 98.515 (simple interest of 3.00%).
