Islandsbanki hf. : Íslandsbanki sells commercial paper
Íslandsbanki hf. has today offered 4, 5 and 6 month commercial paper to investors. Offers of ISK 2.52bn were accepted but the total appetite amounted to ISK 3.76bn.
Nominal amount sold in series ISLA 16 0616 was ISK 1,420m at the simple rate of 6.45% (price 97.8095). Nominal amount sold in series ISLA 16 0721 was ISK 320m at the simple rate of 6.49% (price 97.1964) and the nominal amount sold in series ISLA 16 0815 was ISK 780m at the simple rate of 6.50% (price 96.7677).
Prior to the auction the total outstanding commercial paper amounted to ISK 11.6bn. Trading is expected to commence on 12 February 2016 on Nasdaq Iceland when ISK 1.5bn of ISLA 16 0212 is on maturity.