22 June 2010

Treasury buys back EUR bonds and currency reserves reinforced

The Treasury has repurchased back bonds maturing in 2011 and 2012. The buy-backs total EUR 160 million and EUR 32 million nominal value of the respective series.

Furthermore, it has been decided to draw on bilateral credit lines negotiated with Denmark, Finland, Norway, Poland and Sweden in connection with the economic policy of Icelandic authorities. The total amount, equivalent to EUR 639 million, will be used to supplement the foreign currency reserves of the Central Bank of Iceland.

Further details will be provided by Már Guðmundsson, Governor of the Central Bank, at a press conference to be held in the Central Bank at 11 am, Wednesday, 23 June, to announce the rate decision of the Monetary Policy Committee.

No. 17/2010

June 22, 2010