Íslandsbanki issues the first sustainable bond by an Icelandic bank

Íslandsbanki has today issued a EUR 300m 0.5% fixed rate senior unsecured sustainable bond with a maturity of 3 years, at a spread of 100 basis points over mid-swaps.


The transaction is the first sustainable issue by an Icelandic bank and marks a positive milestone.
The issue was more than 3 times oversubscribed and was placed with over 80 investors across Europe .

The bond is expected to be listed on the Irish Stock Exchange on 20 November 2020. The bond is issued under Íslandsbanki’s GMTN Programme supported by the Bank‘s newly-signed Sustainable Financing Framework, available here.

The bookrunners for the transaction were: ABN AMRO, Barclays, Goldman Sachs and UBS Investment Bank.

We are very pleased to offer for the first time a sustainable bond issued by Íslandsbanki. The issue is an important milestone in our journey towards further sustainability and builds on the Sustainable Financing Framework that we published recently. We hope that the issue encourages more issuers to increase even further their green and sustainable investment offerings. We are pleased to see the high demand in the bond reflecting investors strong confidence in Íslandsbanki and the Icelandic economy.

Jón Guðni Ómarsson,
CFO of Íslandsbanki

For further information:


Margrét Lilja Hrafnkelsdóttir


Head of Investor Relations

Send email+354 844-4033

Edda Hermannsdóttir


Head of Communications

Send e-mail+354 844-4005