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.