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Islandsbanki hf.: Concludes commercial paper offering

Íslandsbanki hf. has today offered 6 and 9 month commercial paper to investors.


Íslandsbanki hf. has today offered 6 and 9 month commercial paper to investors.

Offers totaling ISK 1,900 million were received and offers worth ISK 1,400 million were accepted.

The nominal amount sold in the 6-month series was 1,400m at a 4.33% simple rate. Total offers received amounted to ISK 1,560 million at rates of 4.28% - 4.35%.

The 9-month series received offers amounting to ISK 340 million at rates of 4.42% - 4.50%.

All offers were declined at this time. The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 22 May.

For further information:

Investor Relations - Gunnar S. Magnússon, ir@islandsbanki.is and tel: +354 440 4665.