Íslandsbanki sells covered bonds and commercial paper
Íslandsbanki hf. has today concluded an offering of covered bonds and commercial paper. All bids for covered bonds were rejected at this time.
The nominal amount sold in commercial paper series ISLA 16 0721 was ISK 1.74bn at the simple rate of 6.41% (price 98.3022) and sold in series ISLA 16 1012 was ISK 1.36bn at the simple rate of 6.50% (price 96.8523). The total demand for commercial paper amounted to ISK 5.72bn meaning 54% of the offers were accepted.
Following this transaction the total outstanding commercial paper issued by Íslandsbanki will amount to ISK 10.64bn.
Trading is expected to commence on 15 April 2016 on Nasdaq Iceland when ISK 4.44bn of ISLA 16 0415 is on maturity.