Íslandsbanki has issued a EUR 100m (ISK 14.7bn) 2.875% Fixed Rate Note due 2018 through lead manager Deutsche Bank. The note was placed with investors in Scandinavia and continental Europe.
Investors were offered switch terms out of Islandsbanki's existing EUR 100m note due May 2016, and the bank bought back EUR 47.7m of those notes as a result of the process. The new bond is expected to be listed on the Irish Stock Exchange on 27 July 2015. 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.
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