Annual prospects

Q1/2026

In Q1, Government bonds will be offered for sale in the amount of 40-60 b.kr. market value.
The bonds that could conceivably be offered are all benchmark Government issues, and issue size and market conditions will determine how much, if any, will be sold in each series.
It is possible that switch auctions of RIKS 26 0216 and RIKB 26 1015 will be held during the quarter.

Government bond issuance for 2026 is estimated at 200 b.kr. market value.
It is planned to issue a new nominal bond maturing in 2029. The size of the series concerned and market conditions will determine the amount sold in individual benchmark series.
It is possible that the Treasury’s year-2026 borrowing need will be met in part with issuance of Treasury bills, drawdowns of foreign deposits held in the Treasury’s current account with the Central Bank of Iceland, and the sale of a portion of the Housing Fund’s loan portfolio.

Fourth quarter 2025

In Q4, Government bonds will be offered for sale in the amount of 24 b.kr. market value.
The bonds that could conceivably be offered are all benchmark Government issues, and issue size and market conditions will determine how much, if any, will be sold in each series.
During the quarter, it is planned to issue bonds in the inflation-linked RIKS 50 0915 series, with market making.
There is the possibility of switch auctions or buybacks of RIKS 26 0216 during the quarter.

Third quarter 2025

In Q3, Government bonds will be offered for sale in the amount of 30-40 b.kr. market value.
The bonds that could conceivably be offered are all benchmark Government issues, and issue size and market conditions will determine how much, if any, will be sold in each series.
During the quarter, it is planned to issue bonds in the inflation-linked RIKS 29 0917 series, with market making.
It is possible that a switch auction of RIKS 26 0216 will be held during the quarter.

Q2/2025

In Q2, Treasury bonds will be offered for sale in the amount of 40-60 b.kr. market value.
The bonds that could conceivably be offered are all Treasury issues, and issue size and market conditions will determine how much, if any, will be sold in each series.

Auction results