Core Viewpoint - The Government Debt Management has signed agreements with primary dealers to enhance the issuance and market making of Treasury securities in Iceland, aiming to ensure financing access and improve price formation in the secondary market [1]. Group 1: Primary Dealers Appointment - As of April 1, 2026, five financial institutions have been designated as primary dealers in Treasury securities: Arion Banki hf., Fossar Investment Bank hf., Islandsbanki hf., Kvika banki hf., and Landsbankinn hf. [2]. Group 2: Primary Dealer Agreement Details - Primary dealers have exclusive rights to submit bids at auctions for government securities [3]. - They have access to special facilities like repurchase agreements from the Government Debt Management [3]. - Primary dealers must submit bids of at least 100 million kr. nominal value at each auction [3]. - They are required to act as Market Makers in the secondary market for government bond benchmark series, submitting bid and ask offers of 50 to 100 million kr. nominal value [3]. - The agreements stipulate maximum spreads for bid and ask quotes [3]. - Primary dealers must renew their offers within ten minutes after a transaction [3]. - They can deviate from maximum spread requirements under certain conditions [3]. - The agreement is effective from April 1, 2026, to March 31, 2027 [3].