Log in
E-mail
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
Latest news
Date Title
06:12p MANCHESTER UNITED : Dwight Yorke open to double act with Ryan Giggs
06:12p MANCHESTER UNITED : Dwight Yorke urges Jose Mourinho to entertain at Manchester United
06:12p DELAWARE INVESTMENTS : launches thought leadership series The Great Risk Rebalance
06:12p FITCH : US PPP Benefits Tempered by Post-Award Interventions
06:12p Glycine Transporter Type-1 (Glyt-1) Inhibitors Pipeline Insights Report 2016 - Research and Markets
06:12p FINSBURY GROWTH & INCOME : Issue of Equity
06:12p World Alpha-Amylase Inhibitors Pipeline Insights 2016 - Research and Markets
06:11p WINR NIXD : In advance of Diebold combination, Wincor earnings rise
06:11p LYONDELLBASELL : to Build High Density Polyethylene Plant on U.S. Gulf Coast
06:10p FOCUS HOME INTERACTIVE SA : Publication du nombre d'actions et du nombre total de droits de vote - juin 2016
Latest news
Advertisement
Hot News 
-9.07%Pearson Trades in Line; Books Earnings Loss
2.08%SABMILLER : China Approves AB InBev Deal for SABMiller -- Update
4.82%Alphabet posts strong revenue on video market, stock surges
-4.00%CASINO GUICHARD : Groupe Casino Profit Leaps on Asset Sales
1.64%AVATION : Acquires Aircraft
Most Read News
09:41a Oil faces big monthly loss on slowing economic growth, oversupply
07/28 OAKLAND COUNTY MI : Patterson Says "No" to Regional Transit Plan that Bills Entire County but Excludes Services from 40 Oakland Communities
07/28 Microsoft to cut 2,850 more jobs
Most recommended articles
12:09pDJU.S. Consumer Sentiment Fell in July--2nd Update
12:07p JULY U.S. AUTO SALES UP 2.4 PERCENT, FULL-YEAR SALES TO DROP : forecasters
12:05p SAMSUNG ELECTRONICS : Apple says Supreme Court should rule against Samsung over patents
11:57aDJLow Crude Prices Hammer Big Oil Companies
11:49aDJSABMILLER : Board Backs AB InBev's Higher Offer -- 3rd Update