Islandsbanki hf.: Concludes commercial paper offering

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


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

Offers totaling ISK 2,460 million were received and offers worth ISK 1,200 million were accepted. The nominal amount sold in the 6-month series was 1,200m at a 4.40% simple rate. Total offers received amounted to ISK 2,000 million at rates of 4.30% - 4.50%. The 9-month series received offers amounting to ISK 460 million at rates of 4.40% - 4.57%. All offers were declined at this time. The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 11 September.

For further information:

Investor Relations - Gunnar S. Magnússon, ir@islandsbanki is and tel: +354 440 4665.