Islandsbanki hf. : Íslandsbanki issues USD 35m private placement
Íslandsbanki hf. has today issued a bond with the following term sheet:
- Issuer: Íslandsbanki hf.
- Status: Unsecured, Unsubordinated
- Nominal Amount: USD 35,000,000
- Issue Date: 02 February 2016
- Maturity Date: 02 August 2017
- Issue Price: 100.00%
- Interest: Floating Rate Note paying 3 month USD LIBOR + 170 bps
- Listing: Irish Stock Exchange
- Dealer: Merrill Lynch International
- Documentation: Íslandsbanki's USD 750,000,000 Global Medium Term Programme (GMTN). The GMTN Base Prospectus and its Supplements are available at www.islandsbanki.is/ir.
This bond issue follows on the back of Standard & Poor's revision of Íslandsbanki's outlook to positive from stable. Simultaneously, the 'BBB-/A-3' long- and short-term counterparty credit ratings were affirmed.