Islandsbanki hf. sells commercial paper

12.05.2016 - IR Releases

Íslandsbanki hf. has today offered 3 and 6 month commercial paper to investors. Offers of ISK 2,560m were accepted but the total appetite amounted to ISK 5,580m.

Nominal amount sold in series ISLA 16 0815 was ISK 1,900m at the simple rate of 6.39% and the nominal amount sold in series ISLA 16 1124 was ISK 660m at the simple rate of 6.45%.

Prior to the auction the total outstanding commercial paper amounted to ISK 10.6bn. Trading is expected to commence on 20 May 2016 on Nasdaq Iceland when ISK 2,560m of ISLA 16 0520 is on maturity.

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