Íslandsbanki has issued a EUR 75 million (ISK 10.5bn) tap of its existing EUR 225m 2.875% Fixed Rate Note due 2018 through lead managers Deutsche Bank and JP Morgan. The notes were placed with investors in continental Europe. The Issue size now stands at EUR 300m.
The transaction was priced to yield a spread of 247 basis points over mid-swaps. The new bond is expected to be listed on the Irish Stock Exchange.
The transaction was issued under Íslandsbanki’s USD 750m Global Medium Term Note (GMTN) Programme. The GMTN Base Prospectus and its Supplements are available at www.islandsbanki.is/ir.