Íslandsbanki hf. has today offered 5 and 6 month commercial paper to investors. The total issuance in each series cannot exceed ISK 1.5bn in nominal terms. Nominal amount sold in series ISLA 15 1229 was ISK 760m at 6.10% (price 97.2802). No offers were accepted for ISLA 16 0114. Prior to the auction the total outstanding commercial paper amounted to ISK 2.9bn. Total appetite for the issue amounted to ISK 960m. Trading is expected to commence on 17 July 2015 on Nasdaq Iceland, shortname; ISLA 15 1229.
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