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Correction: Íslandsbanki sells commercial paper - Announcement published 2016-01-08 17:33 CET

Correction: The amount of sold commercial paper in series ISLA 16 0520 was wrongly stated in the announcement published Friday 8th January. The correct amount is ISK 680m but not ISK 380m and has been corrected in the following announcement:

On Friday 8th January Íslandsbanki hf. offered 4, 5 and 6 month commercial paper to investors. Offers of ISK 1.42bn were accepted but the total appetite amounted to ISK 3.72bn.

Nominal amount sold in series ISLA 16 0520 was ISK 680m 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.

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