Kvika concluded an auction of bills on 13 June for a new series, KVB 16 1221. Bills with a nominal value of ISK 2,000m were offered, and submitted bids totalled ISK 3,380m. The auction was structured as a Dutch auction, and bills are issued with a nominal value of ISK 2,000m at 6.85% flat interest. The bills will be listed on the Nasdaq Iceland exchange.