This news is more than six months old

Islandsbanki hf.: Concludes commercial paper offering

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

 Offers totaling ISK 3,140 million were received and offers worth ISK 1,760 million were accepted.

The nominal amount sold in the 6-month series was 1,760m at a 4.33% simple rate. Total offers received amounted to ISK 2,900 million at rates of 4.28% - 4.35%.

The 9-month series received offers amounting to ISK 240 million at rates of 4.39% - 4.55%. All offers were declined at this time.

The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 12 June.

For further information: Investor Relations - Gunnar S. Magnússon, and tel: +354 440 4665.