News

Issuance of 3 and 6 month commercial paper

Íslandsbanki hf. has today sold 3 and 6 month commercial paper. The total issuance in each series cannot exceed ISK 1.5bn in nominal terms. The auction was structured so that bidders submitted bids at predetermined rates (prices). The 3 month commercial paper was sold at a simple rate of 6.10% (price: 98.4650) and the 6 month commercial paper was sold at a simple rate of 6.30% (price: 96.8804).

Total bids for a nominal value of ISK 920m were accepted for the 3 month commercial paper and ISK 700m for the 6 month commercial paper.

The commercial paper was sold to a broad group of investors. Trading is expected to commence on 15 May 2013 on the Nasdaq OMX Iceland.

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