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.

GDM Q1 Prospect 2026.pdf

• 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.

GDM Prospect 2026.pdf

The Government Debt Management has decided to cancel the auction of Treasury Bills planned for 15 December 2025.

The Government Debt Management has decided to cancel the auction of Treasury bonds planned for 12 December 2025 since the target amount for the year has been reached.

Updated December 11, 2025

Market Information (pdf)