Islandsbanki hf.: Sells covered bonds and commercial paper

Íslandsbanki hf. has today concluded an offering of covered bonds and commercial paper.

The CPI-linked issue ISLA CBI 26 was sold for an amount of ISK 0.98bn at the real yield of 3.31%.Total demand amounted to ISK 1.06bn.

Following the transaction the total size of ISLA CBI 26 will be ISK 12.88bn and the total nominal amount of outstanding covered bonds issued by Íslandsbanki will amount to ISK 65.21bn.

The nominal amount sold in commercial paper series ISLA 16 0915 was ISK 1.46bn at the simple rate of 6.45% (price 98.3957) and sold in series ISLA 16 1215 was ISK 0.4bn at the simple rate of 6.40% (price 96.8659). Total demand for commercial paper amounted to ISK 4.08bn.

Following this transaction the total outstanding commercial paper issued by Íslandsbanki will amount to ISK 9.84bn.

Trading is expected to commence on 16 June 2016 on Nasdaq Iceland.

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