10.06.2016

Purchase price for State-guaranteed securities in connection with the Central Bank of Iceland foreign currency auction of 16 June 2016

In a Central Bank of Iceland news release dated 25 May 2016, it was announced that purchasers of foreign currency in the Central Bank of Iceland foreign currency auction may sell Treasury bills, Treasury bonds, and other issues bearing a State guarantee to the Central Bank to finance their foreign currency purchases. It was also announced at that time that the purchase price of the aforementioned securities in exchange for euros in the auction would be published on the Central Bank of Iceland website today.

In a table in this file is the purchase price available, based on a settlement date of 29 June 2016.

Purchase price for State-guaranteed securities in connection with the Central Bank of Iceland foreign currency auctin of 16 June 2016

When submitting offers on behalf of their customers, entities that have concluded intermediation agreements with the Central Bank shall specify the name of the Treasury bill or bond series as it is listed on the Nasdaq Iceland hf. exchange and as is stipulated in the Terms of Auction dated 25 May 2016. In connection with settlement of the transactions, the State-guaranteed securities must be received by the Central Bank no later than 10:00 hrs. on 29 June 2016. The foreign currency will be deposited to the intermediary’s euro account following delivery of the securities, and no later than at 16:00 hrs. that same day. Owners of State-guaranteed instruments not on the list above may ask an intermediary that has concluded an intermediation agreement with the Central Bank to request an offer for a purchase price on the securities no later than at the end of the day on 13 June 2016. 

Queries relating to any of the foregoing may be sent by e-mail to fxauction2016@cb.is.

See further information here.

Back