News

Islandsbanki hf. : Íslandsbanki issues USD 35m private placement

Íslandsbanki hf. has today issued a bond with the following term sheet:

  • Issuer: Íslandsbanki hf.
  • Status: Unsecured, Unsubordinated
  • Nominal Amount: USD 35,000,000
  • Issue Date: 02 February 2016
  • Maturity Date: 02 August 2017
  • Issue Price: 100.00%
  • Interest: Floating Rate Note paying 3 month USD LIBOR + 170 bps
  • Listing: Irish Stock Exchange
  • Dealer: Merrill Lynch International
  • Documentation: Íslandsbanki's USD 750,000,000 Global Medium Term Programme (GMTN). The GMTN Base Prospectus and its Supplements are available at www.islandsbanki.is/ir.

This bond issue follows on the back of Standard & Poor's revision of Íslandsbanki's outlook to positive from stable. Simultaneously, the 'BBB-/A-3' long- and short-term counterparty credit ratings were affirmed.

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