Norges Bank auctions attract strong demand for government bonds

Norges Bank concluded its bond auctions on December 3, 2025, for two government securities, NGB 09/2029 and NGB 04/2034, with settlement scheduled for December 5, 2025.

The NGB 09/2029 bond, maturing on September 6, 2029, saw an allotment price of 92.53% and a yield of 3.93%. The auction allotted 1,625 m from total bids of 5,077 m, indicating strong demand. Bids higher than the lowest accepted price reached 1,277 m, with 66% allotment on the lowest accepted bids. Following this auction, the outstanding amount for this bond stands at 64,045 m.

The NGB 04/2034 bond, maturing on April 13, 2034, was allotted at a price of 96.68%, yielding 4.10%. This auction saw 375 m allotted from a total bid volume of 1,625 m. Bids exceeding the lowest accepted price amounted to 250 m, and all bids at the lowest accepted price were fully allotted (100%). Post-auction, the outstanding amount for the NGB 04/2034 bond is 52,430 m.