Islandsbanki hf. : Correction of issue description for ISLA CB 16 at Icelandic Securities Depository
The covered bonds with symbol ISLA CB 16 were issued according to their Final Terms on 18 October 2013. The terms were not correctly stated in the issue description dated 17 October 2013 and are therefore not correctly recorded at the Icelandic Securities Depository. The issue description states, in chapter 2.2, that there are 2 principal payment dates per year, 22 April and 22 October, up until the Final Maturity Date on 22 October 2016.
In the Final Terms, dated 18 October 2013, it is stated that the bonds will pay one principal payment on maturity,on 22 October 2016.
Íslandsbanki will seek approval from the owners of these bonds to amend the issue description at the Icelandic Securities Depository so that it is clearly stated that no principal repayments will be made before Final Maturity date on 22 October 2016.