Íslandsbanki hf. has today sold 5 and 6 month commercial paper. The total issuance in each series cannot exceed ISK 1.5bn in nominal terms. Offers of ISK 560m were accepted. Nominal amount sold in series ISLA 15 1015 was ISK 440m at 5.25% (price 97.7059) and sold in series ISLA 15 1106 was ISK 120m at 5.25% (price 97.4006).
Prior to the auction the total outstanding commercial paper amounted to ISK 2.94bn. Total appetite for the issue amounted to ISK 680m. Trading is expected to commence on 7 May 2015 on Nasdaq Iceland, short names; ISLA 15 1015 and ISLA 15 1106.