London (IFN) The Republic of Iceland has completed a sale of treasury notes worth ISK1.5 billion at yields averaging 9.8%, up from 8.11% paid last January, The National Debt Management Agency said on Wednesday.
The bond notes are due on March 17, 2010, the agency added.
Demand for the notes amounted to ISK8.1 billion, of which ISK1.5 billion were accepted. The settlement date is April 21.
The outcome followed two unsuccessful auctions in February and March, when the government canceled the sales after declining to pay yields demanded by investors
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