Íslandsbanki has issued a SEK 300m (ISK 4.7bn) 4-year Floating Rate Note. The senior unsecured bond pays a quarterly coupon of 3 month Stibor + 310bp. Investors from Sweden, Norway and continental Europe subscribed for the issue which was oversubscribed. The bond is expected to be listed on the Irish Stock Exchange on 13 February.
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.
The transaction was arranged by Pareto Securities AB in Stockholm.