Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

Norges Bank : Announcement of Treasury bill auction

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/30/2013 | 01:30pm CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news
Date Title
08:24p ALLIANZ SE : FG sets up presidential committee on loans recovery
08:21p Technavio Announces Top Six Vendors in the Global Commercial Aircraft Flight Control Systems Market from 2016 to 2020
08:18p Verizon, unions agree to pay raises, new jobs to end strike
08:17p MINERVA : Minutes of Board of Directors´ Meeting - Acquisition of Trucks and Liquidation of Subsidiaries
08:17p GEOVIA DASSAULT SYSTEMES CANADA SOFTWARE : Dassault Systèmes Aids Coal Mining Reporting with release of GEOVIA Minex 6.5
08:12p GESCO AG : Dr Eric Bernhard appointed Chief Executive Officer, Dr Hans-Gert Mayrose to leave Executive Board end of the year
08:12p FLAHERTY & CRUMRINE INVESTMENT GRADE FIXED INCOME : & Crumrine Provides Update on & Crumrine Investment Grade Fixed Income Fund
08:12p CALGARY AIRPORT AUTHORITY : Edelweiss Returns to YYC with Seasonal Non-stop Service to Zurich, Switzerland
08:12p EUROPEAN COMMISSION DIRECTORATE GENERAL FOR COMM : Feasibility study on cross-border use of eID and authentication services (eIDAS compliant) to support student mobility and access to student services in Europe
08:10pDJSUN PHARMACEUTICAL : Profit Rises 93%
Latest news
Advertisement
Hot News 
JERSEY OIL AND GAS : Director's Dealing
VOLVERE : Preliminary results for the year ended 31 December 2015
EXPERT SYSTEM : Swiss Text, 8 June 2016
ADJUSTMENT TO CONVERSION PRICE (CB STOCK CODE : 4573)
DGAP-ADHOC : Capital Stage announces voluntary public takeover offer for all outstanding shares of CHORUS Clean Energy AG
Most Read News
01:59p Oil prices edge higher in thin trade; OPEC eyed
03:21a Exclusive - Chinese, Japanese suitors eye $4 billion sale of CIT plane leasing unit - sources
05/29DJMizuho Chief Warns of Japan Downgrade if Abe Delays Tax Increase
Most recommended articles
02:18p Verizon, unions agree to pay raises, new jobs to end strike
02:10pDJSUN PHARMACEUTICAL : Profit Rises 93%
02:00p ALDEMIR BENDINE : Petrobras CEO Bendine offers resignation; replacement passes test
01:38p MARTIN SENN : Former Zurich Insurance boss Martin Senn kills himself
01:29pDJWHEN BIGGER ISN'T BETTER : Banks Retreat From Global Ambitions