Iceland buys back ISK 15 billion of bonds at 99.98-99.99 by auction

By Susanna Moon

Chicago, June 9 – Iceland said it repurchased ISK 15 billion of its ISK 154 billion bonds due Oct. 9, 2018 by way of auction.

The price allocated from 99.98 to 99.99, according to a government notice.

The issuer said it received seven bids for 27.13 billion principal amount of the notes, accepted six of them with 2 bids allocated in full and four in part.

Iceland announced the buyback by auction on June 7, saying that it had decided to forgo holding a Treasury bond auction.

The total amount of accepted bids could range up to ISK 15 billion, the issuer previously said.

Settlement has been set for June 14.

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