Íslandsbanki has issued a SEK 150 million (ISK 2.35bn) tap of its existing SEK300 million 4-year FRN. The senior unsecured bond pays a quarterly coupon of 3 month Stibor + 310bp, and the tap was issued at a price of 100.48. Investors from Scandinavia and continental Europe bought the new tranche. The bond is 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.
The transaction was arranged by Pareto Securities AB in Stockholm.