Today at 11 am the Government Debt Management auctioned Treasury Notes in
series RIKB 11 0722 and RIKB 25 0612. 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.
The main results of the auction were:
RIKB 11 0722
Number of bids in this series were 20, amounting to 15,894 m.kr. nominal value.
Bids were accepted for 12,544 m.kr. nominal value at the clean price of 101.185
(yield of 7.00%).
RIKB 25 0612
Number of bids in this series were 45, amounting to 17,989 m.kr. nominal value.
Bids were accepted for 3,409 m.kr. nominal value at the clean price of 104.55
(yield of 7.48%).
After the results of the auction are available, the GDM will offer primary
dealers 10% of the nominal value sold in the auction at the price of accepted
bids, until 14:00 on Tuesday, March 16. Each primary dealer that has submitted
an accepted bid in the auction has the right to purchase an amount proportional
to its total purchase. The payment and settlement date for these transactions
is Wednesday, March 17, 2010.
Friday, 19 March is reserved for potential T-notes auction according to the
auction calendar of the Government Debt Management. It has been decided not to
utilize that day for T-notes auction.
