Islandsbanki hf.: Upcoming commercial paper auction 18 December
Íslandsbanki hf. will be holding an auction on covered bonds on Tuesday 18 December 2018.
The non-index linked series ISLA CB 23 will be offered to investors. The series are expected to be listed on Nasdaq Iceland on 27 December 2018.
Please note that, in respect of bids accepted in the auction, Íslandsbanki will be accepting ISLA CB 19 as payment towards the purchase of bonds in the above-mentioned series, ISLA CB 23. Íslandsbanki will purchase ISLA CB 19 at the clean price of 100.5258, which is equivalent to a 5.10% yield. The value of ISLA CB 19, with accrued interest, will constitute payment towards the bonds issued 27 December 2018. Settlement date is 27 December 2018.
The auction will be managed by Íslandsbanki’s Fixed Income Sales. Offers shall be submitted by e-mail to firstname.lastname@example.org before 16:00 p.m. on 18 December.
For further information:
Investor Relations - Gunnar S. Magnússon, email@example.com and tel: +354 440 4665.