Íslandsbanki issued a three year NOK 500 million floating rate note via joint bookrunners Pareto Securities AB and DNB Bank ASA. The bond, which pays a coupon of 3-month Nibor +260 basis points, was issued at par and is the first senior unsecured bond that the Bank has issued in Norwegian krona. The issuance was underpinned by reversed inquiries from Norwegian investors.
Birna Einarsdottir, Íslandsbanki's CEO:
'We are delighted at the success of our first Norwegian-focused bond issue. We are pleased to see that each successive transaction brings more competitive funding for the Bank.'
The transaction was issued under Íslandsbanki's USD 750m Global Medium Term Note (GMTN) Programme and will be listed on the Irish Stock Exchange.
The GMTN Base Prospectus and its Supplements are available at www.islandsbanki.is/ir.