Islandsbanki hf. : Íslandsbanki sells commercial paperÍslandsbanki hf. has today sold 5 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 5 month commercial paper at a simple rate of 6.00% (price: 97.5134) and the 6 month commercial paper at a simple rate of 6.05% (price: 97.0005).
Bids for ISK 1.4bn were accepted for the 5 month commercial paper and ISK 1.3bn for the 6 month commercial paper. Prior to the auction the total outstanding commercial paper amounted to ISK 6.85bn.
The commercial paper was sold to a broad group of investors. Trading is expected to commence on 20 March 2014 on the Nasdaq OMX Iceland.
For further information:
• Investor Relations - Tinna Molphy, email@example.com and tel: +354 440 3187.
• Media Relations - Dögg Hjaltalín, firstname.lastname@example.org and tel: +354 440 3925.