Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Norges Bank : Announcement of Treasury bill auction

01/30/2013 | 07:30am US/Eastern
Recommend:
0

30 January 2013

Invitation to tender

Increase of zero coupon Norwegian Treasury bill in series ISIN NO 0010667868, NST 21. Bills for a nominal value of NOK 3 billion will be sold by uniform price (Dutch) auction on Monday 4 February 2013. Settlement date is Wednesday 6 February 2013.

1. Issue terms

1.1 The issue terms for ISIN NO 0010667868 are set out in an invitation to tender dated 12 December 2012. The bill has fixed maturity at par value on 18 December 2013. The Government has the right to increase the size of the bill or reduce it by the amount of repurchased bills. The bills have a denomination of NOK 1000, and are registered in the Central Securities Depository (VPS) and listed on the Oslo Stock Exchange.

1.2 The outstanding amount is NOK 17 billion as of today's date. Following the increase, the Treasury bill series will consist of fungible bills with a nominal value of NOK 20 billion.

1.3 Yield to maturity:

  • 1.41% per annum at a price of 98.8000%
  • 1.53% per annum at a price of 98.7000%
  • 1.65% per annum at a price of 98.6000%
  • 1.77% per annum at a price of 98.5000%
  • 1.89% per annum at a price of 98.4000%
2. Method of sale

2.1 Bills for a nominal value of NOK 3 billion will be offered by uniform price (Dutch) auction.

2.2 Primary dealers shall submit tenders from 10.15-11 am on 4 February 2013, in the trading system of the Oslo Stock Exchange. Others must submit their tenders through a primary dealer.

2.3 Tenders must be submitted only in lots of one million kroner, on the basis of face value. Bid prices must be stated to four decimal places. Norges Bank reserves the right to reject at its own discretion any tender or all tenders submitted.

3. Announcement

3.1 The result of the auction will be announced on the Oslo Stock Exchange, Reuters pages NOCG/NOCI and Norges Bank's website http://www.norges-bank.no/english/government_debt/

3.2 Primary dealers shall send the contract note to Norges Bank in accordance with the information on the auction board.

4. Settlement

4.1 Primary dealers shall enter the transaction in the VPS system on the auction date so that settlement takes place through VPO (the VPS settlement system). The bills will be finally registered in VPS on settlement date, Wednesday 6 February 2013, before 7 am.

4.2 In the event of delayed payment, interest on arrears accrues at the rate for interest on delayed payment stipulated by the Ministry of Finance. This rate is currently 8.50% per annum. Norges Bank may alternatively choose to cancel the whole or part of the allotment, or to sell the bills at the tenderer's expense and risk.

Oslo, 30 January 2013

Ministry of Finance

Norges Bank

distributed by
Recommend :
0
React to this article
Latest news
Date Title
<1m ago ABCAM : Chief Marketing Officer Buys Shares (DIRECTOR DEALINGS)
<1m ago RESEARCH AND MARKETS : Australia Water Coolers Report 2013-2017 with Coca-Cola Amatil Dominating the Market
<1m ago NASDAQ OMX : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
<1m ago CC MEDIA : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
<1m ago ITACARE CAPITAL INVESTMENTS : DIRECTOR DEALINGS: Itacare Capital Investment Adviser Buys Shares
<1m ago TESCO : Divisional Chief Executive Sells Shares (DIRECTOR DEALINGS)
<1m ago IMPERIAL INNOVATIONS : Says Nexeon Completes Construction Of Headquarters
<1m ago UPM KYMMENE : Raflatac plans to invest new production capacity in filmic labelstock and restructure sheet labelstock businesses in Europe
<1m ago FIRST NIAGARA FINANCIAL : Reports First Quarter 2014 Results
1m ago CAREXTECH : ’s SmileTM Communications Platform Helps Senior Living Communities Keep Families Involved in Residents’ Care
Latest news
Advertisement
Hot News 
TRANS SIBERIAN GOLD : Asacha mining and production update
TRISTEL : 24/04/14 UHCW RNS Reach
THEOLIA VR : 2013 annual results
MOLINS : Proposed admission to trading on AIM
CREE : Patent Application Titled "Light Emitting Devices for Light Emitting Diodes (Leds)" Published Online
Most Read News
3h ago Juicy Apple buoys shares, euro volatility sinks
5h ago BLUNT BAYERN GIVEN A REAL MASTERCLASS ; CHAMPIONS LEAGUE Semi-final first leg
1d ago BUFFETT : moving oil by rail safely major industry concern
1d ago ACTIVISION BLIZZARD : Newest Skylanders® Game - Skylanders Trap TeamTM - Takes Toys-to-Life Phenomenon to New Levels by Bringing Digital Characters into the Physical World
1d ago WAL MART STORES : -Mart says former CEO Scott to retire from board
Most recommended articles
3h ago Juicy Apple buoys shares, euro volatility sinks
2h ago FTSE hits six-week high, miners lead
2d ago Barclays joins retreat from commodities as new rules bite
7d ago BLACKSTONE : earnings rise 30 percent, boosted by private equity gains
2m agoDJMOL MAGYAR OLAJ ES GAZIPARI NYRT : CEO-Chairman : Europe Has to Rely on Russian Oil, Gas for Now
Dynamic quotes  
ON
| OFF