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Íslandsbanki sells commercial paper

Íslandsbanki hf. has today offered 5 and 6 month commercial paper to investors. Offers of ISK 1.62bn were accepted but the total appetite amounted to ISK 3.56bn.

Nominal amount sold in series ISLA 16 0520 was ISK 760m at the simple rate of 6.50% (price 97.4830) and the nominal amount sold in series ISLA 16 0616 was ISK 860m at the simple rate of 6.55% (price 96.9997).

Prior to the auction the total outstanding commercial paper amounted to ISK 9.5bn. Trading is expected to commence on 29 December 2015 on Nasdaq Iceland.

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