Financing Fund has decided to auction HFF150914, HFF150224, HFF150434 and
HFF150644. In this auction The Housing
Financing Fund aims to accept bids up to ISK 4.000.000.000 at nominal value.
The Housing Financing Fund reserves the right to increase the amount accepted
and accept any bid or reject them all. According to primary dealership agreement between the Housing
Financing Fund and Kaupthing, Glitnir Bank, Landsbanki Íslands. Straumur –
Burðarás Investmentbank and MP Investmentbank,
these members will only have
the right to bid in the
hereby requested by the Housing Financing Fund in accordance with the
Issue amount: 4.000.000.000.
Min. bids: See primary dealership agreement issued 30/6/2006.
Maturity: See prospectus issued
2004/06/28 and 2004/11/12
Date of issue: See prospectus issued 2004/06/28
Coupon dates: See prospectus issued 2004/06/28 and
Nominal interest rate: Fixed 3,75%
Base index: See prospectus issued 2004/06/28
Unit value: ISK 1 dematerialized bond in
Commission: The Housing Financing Fund pays a
commission of 0,15%
Price: Bids should state the
price with and without commission, the total amount, commission (in percentage)
Auction method: The bids will be accepted in
accordance with the American auction method.
Settlement of sales: Settlement is March 29th, 2007
Bids shall be submitted to the Financing Division of the Housing Financing Fund,
Höfðaborg, Borgartún 21, Reykjavík, Iceland
before 16:15 hrs. on Friday March 23th
, 2007. All
bids will be answered before 09.30 hrs. on Monday March
26th , 2007.
Bids shall be submitted to the
Housing Financing Fund enclosed in a sealed envelope. Bids may also be submitted by e-mail to email@example.com
or by fax to (+354) 569-6890 on the bidding day after prior confirmation
by telephone call to the Housing Financing Fund’s Financing Division on tel.