Islandsbanki hf.: Íslandsbanki completes commercial paper offering
Íslandsbanki hf. has today offered 6 and 12 month commercial paper to investors. Offers totaling ISK 4,240 million were received and offers worth ISK 940 million were accepted.
The nominal amount sold in the 6-month series was 680m at a 5.24% simple rate. Total offers received amounted to ISK 2,840 million at rates of 5.19% - 5.50%.
The nominal amount sold in the 12-month series was 260m at a 5.49% simple rate. Total offers received amounted to ISK 1,400 million at rates of 5.48% - 5.65%.
The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 10 February.