Íslandsbanki hf. has today sold 5 and 6 month commercial paper. The total issuance in the series cannot exceed ISK 1.5bn in nominal terms. Offers of ISK 880 million were accepted at a simple rate of 5.25% (price: 97.7338, ISLA 15 0921 and 97.4006, ISLA 15 1015).
Prior to the auction the total outstanding commercial paper amounted to ISK 3.2bn. Total appetite for the issue amounted to ISK 880m. Trading is expected to commence on 15 April 2015 on Nasdaq Iceland, shortname; ISLA 15 0921 and ISLA 15 1015