Islandsbanki hf. : Íslandsbanki sells commercial paper
Íslandsbanki hf. has today sold 6 month commercial paper. The total issuance in the series cannot exceed ISK 1.5bn in nominal terms. Offers of ISK 500 million were accepted at a simple rate of 5.25% (price: 97.4560).
Prior to the auction the total outstanding commercial paper amounted to ISK 4.42bn. Trading is expected to commence on 19 January 2015 on Nasdaq Iceland.