This auction will be in a new format. Participants will have the opportunity to pay cash and/or with indexed-linked Savings Bonds in series: RS01-0201/K, RS02-0401/K, RS04-0410/K and RS10-0115/KI. Those who wish to include in their offer these indexed-linked savings bonds must make separate cash offer for the government bonds in series RB03-1010/KO and then a separate offer for the above mentioned Savings Bonds.
In this auction the amount offered will be in the range of 300m kronas to 500m kronas. Everyone has the opportunity to make an offer provided the minimum offer is in excess of 10m kronas.
The government bonds in series RB03-1010/KO will be issued in electronic format at the Icelandic Securities Depository ltd, and the minimum amount will be 1 krona, that is the nominal value and the number of units will be the same.
The auction terms and bid application forms will be released on Monday 10 July 2000 at 14:00 pm, please note that the settlement date is Friday 14 July 2000. The government bonds in class RB03-1010/KO are conventional bonds. They are therefore neither indexed-linked nor do they pay interest.
RB03-1010/KO is registered on the Icelandic Stock Exchange and Authorized Market Makers are: Agricultural Bank of Iceland, Icebank, Islandsbanki-FBA and Kaupthing Investment Bank.
