Íslandsbanki sells commercial paper
Íslandsbanki hf. has today offered 3, 5 and 6 month commercial paper to investors. Offers of ISK 2.60bn were accepted but the total appetite amounted to ISK 4.78bn.
Nominal amount sold in series ISLA 16 0212 was ISK 760m at the simple rate of 6.25% (price 98.3271), sold in series ISLA 16 0415 was ISK 720m at the simple rate of 6.49% (price 97.1794) and sold in series ISLA 16 0520 was ISK 1,120m at the simple rate of 6.49% (price 96.5871).
Prior to the auction the total outstanding commercial paper amounted to ISK 7.48bn. Trading is expected to commence on 6 November 2015 on Nasdaq Iceland.