Group 1 - The proposal for the settlement of HF-Fund was approved by a majority of bondholders, with the value of the HFF bonds in the settlement estimated at ma.kr 651 [1] - The settlement of HF-Fund's obligations is scheduled for 12 June 2025, with the Treasury issuing nine new Treasury bond series totaling a nominal value of ISK 487 billion [2] - The Treasury will fully repay loans from HF-Fund amounting to ISK 238 billion, along with EUR 378 million (approximately ISK 55 billion) from foreign currency deposits [4] Group 2 - Upon settlement, the Treasury will acquire HF-Fund's assets, including The New Housing Fund bonds and a loan portfolio, totaling ISK 222 billion [5] - The net effect of the settlement will reduce the Treasury Part A debt ratio by just over 5% of GDP, according to Maastricht criteria [5]