Islandsbanki hf.: Íslandsbanki completes commercial paper offering
Íslandsbanki hf. has today offered 6 and 12 month commercial paper to investors. Offers totaling ISK 3,500 million were received and offers worth ISK 1,040 million were accepted.
The nominal amount sold in the 6-month series was 440m at a 5.20% simple rate. Total offers received amounted to ISK 2,000 million at rates of 5.15% - 5.40%.
The nominal amount sold in the 12-month series was 600m at a 5.48% simple rate. Total offers received amounted to ISK 1,500 million at rates of 5.42% - 5.55%.
The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 16 March.