Íslandsbanki hf.: Íslandsbanki sells commercial paper
Íslandsbanki hf. has today offered 4, 5 and 6 month commercial paper to investors. Offers of ISK 860m were accepted but the total appetite amounted to ISK 3.3bn.
Nominal amount sold in series ISLA 16 0721 was ISK 440m at the simple rate of 6.45% (price 97.7581). Nominal amount sold in series ISLA 16 0815 was ISK 120m at the simple rate of 6.50% (price 97.3118) and the nominal amount sold in series ISLA 16 0915 was ISK 300m at the simple rate of 6.50% (price 96.7846).
Prior to the auction the total outstanding commercial paper amounted to ISK 12.6bn. Trading is expected to commence on 21 March 2016 on Nasdaq Iceland when ISK 1.5bn of ISLA 16 0321 is on maturity.