News

Correction: Islandsbanki hf.: Concludes commercial paper offering

This is a correction of the announcement from 17:14 05.09.2017 GMT. Reason for the correction: The total amount sold in the 6-month series was ISK 1,040 million, instead of ISK 820 million. In total offers worth ISK 1,260 million were accepted instead of ISK 1,040 million.

Íslandsbanki hf. has today offered 6 and 12 month commercial paper to investors. Offers totaling ISK 2,960 million were received and offers worth ISK 1,260 million were accepted.

The nominal amount sold in the 6-month series was 1,040 million at a 4.56% simple rate. Total offers received amounted to ISK 2,140 million at rates of 4.50% - 4.70%.

The nominal amount sold in the 12-month series was 220 million at a 4.69% simple rate. Total offers received amounted to ISK 820 million at rates of 4.60% - 4.95%.

The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 12 September.

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