Íslandsbanki sells commercial paper
Íslandsbanki hf. has today offered 4, 5 and 6 month commercial paper to investors. Offers of ISK 1.12bn were accepted but the total appetite amounted to ISK 3.72bn.
Nominal amount sold in series ISLA 16 0520 was ISK 380m at the simple rate of 6.44% (price 97.7957). Nominal amount sold in series ISLA 16 0616 was ISK 380m at the simple rate of 6.49% (price 97.3158) and the nominal amount sold in series ISLA 16 0721 was ISK 360m at the simple rate of 6.50% (price 96.7170).
Prior to the auction the total outstanding commercial paper amounted to ISK 10.2bn. Trading is expected to commence on 15 January 2016 on Nasdaq Iceland.