Islandsbanki hf. : Íslandsbanki sells commercial paper
Íslandsbanki hf. has today offered 3, 5 and 6 month commercial paper to investors. The total issuance in each series cannot exceed ISK 1.5bn in nominal terms. Offers of ISK 360m were accepted. Nominal amount sold in series ISLA 15 1106 was ISK 180m at the simple rate of 6.05% (price 98.5916) and sold in series ISLA 16 0212 was ISK 180m at the simple rate of 6.25% (price 96.9207).
Prior to the auction the total outstanding commercial paper amounted to ISK 3.0bn. Total appetite for the issue amounted to ISK 980m. Trading is expected to commence on 13 August 2015 on Nasdaq Iceland, shortnames; ISLA 15 1106 and ISLA 16 0212.