Islandsbanki hf. : First Euro-denominated bond issue of EUR 100m
The transaction was arranged by Deutsche Bank AG.
Birna Einarsdottir, CEO of Islandsbanki:
A EUR-denominated issue is a clear milestone for us. The EUR 100m issue follows on the back of our recently published BB+/B rating from S&P, and successful SEK issue in December and tap issue in March.
The terms show continued improvement, and are a welcome sign of confidence in Íslandsbanki and its recovery path in creating a strong and responsible bank. Our core operations are delivering stable and recurring revenues, restructuring is on track, and capital and liquidity ratios remain strong.