Islandsbanki hf. : Íslandsbanki sells commercial paper
Íslandsbanki hf. has today sold 6 month commercial paper. The total issuance in the series cannot exceed 1,500,000,000 ISK in nominal terms. The auction was structured so that bidders submitted bids at a predetermined rate (price), at a simple rate of 6.20% (price: 96.9608).
Total bids for a nominal value of ISK 1,350m were accepted. Total outstanding commercial paper amounts to ISK 8.85bn.
The commercial paper was sold to a broad group of investors. Trading is expected to commence on 15 October on the Nasdaq OMX Iceland.