This news is more than six months old

Islandsbanki hf.: Concludes commercial paper offering

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

 Offers totaling ISK 2,620 million were received and offers worth ISK 2,320 million were accepted.

The nominal amount sold in the 6-month series was 2,320m at a 4.35% simple rate. Total offers received amounted to ISK 2,420 million at rates of 4.30% - 4.40%.

The 9-month series received offers amounting to ISK 200 million at rates of 4.40% - 4.55%. All offers were declined at this time.

The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 17 July.

For further information:

Investor Relations - Gunnar S. Magnússon, and tel: +354 440 4665.