Islandsbanki hf. : Íslandsbanki sells commercial paper
Today Íslandsbanki hf. offered 4 and 6 month commercial paper to investors. The total issuance in each series cannot exceed ISK 1.5bn in nominal terms. Nominal amount sold in series ISLA 15 1106 was ISK 460m at 6.00% (price 97.8793). No offers were accepted for ISLA 15 1229.
Prior to the auction the total outstanding commercial paper amounted to ISK 2.8bn. Total appetite for the issue amounted to ISK 800m. Trading is expected to commence on 29 June 2015 on Nasdaq Iceland, shortname; ISLA 15 1106.