Norges Bank bond auction sees strong investor demand

Norges Bank held an auction on October 15, 2025, for two government bond issues. The NGB 09/2029 bond, maturing on September 6, 2029, saw an allotted volume of 1,900 mkr at an allotment price of 92.52% and a yield of 3.86%. Total bids for this bond reached 6,090 mkr, with 1,800 mkr placed at prices higher than the lowest accepted, indicating robust demand. The allotment on lowest accepted bids stood at 29%.

Simultaneously, the NGB 06/2035 bond, maturing on June 12, 2035, had an allotted volume of 100 mkr. This longer-dated bond was allotted at a price of 98.20%, yielding 3.98%. The auction attracted total bids of 2,275 mkr, with 75 mkr of bids higher than the lowest accepted price. Allotment on lowest accepted bids for this issue was 100%. Both bonds will have a settlement date of October 17, 2025.