As stated in paragraph 5 of Terms of Invitation to Tender for Treasury Notes, the NMDA offered the equivalent of 10% of the amount sold to Primary Dealers in a non-competitive auction. Each Primary Dealer had the option to purchase an amount equal to its market share in the competitive auction, held on January 17th, at the weighted average yield of the current competitive auction. Primary Dealers did not exercise their right to purchase at the non-competitive price, therefore the total amount issued in Treasury Note Series RIKB 08 1212 in both the competitive and non-competitive part of the auction is 9.650 m.kr. nominal value.