Funding
The Bank is mainly deposit funded but it is an active bond issuer in domestic and international markets
The Bank is mainly deposit funded but it is an active bond issuer in domestic and international markets
Íslandsbanki is one of the largest issuer of covered bonds in the domestic market. Domestically, the Bank is also a frequent issuer of unsecured listed securities.
The Bank’s Euro Medium Term Note (“EMTN”) Programme is the Bank's platform for funding in international markets. The inaugural bond issue under the EMTN programme was in December 2013.
Íslandsbanki has a covered bond programme in place. The bonds are issued under Act 11/2008 on Covered Bonds. The issue is regulated by the Icelandic Financial Supervisory Authority and an independent inspector monitors the issues.
The Base prospectus was approved by Euronext Dublin, and can be found below along with any supplements.
Íslandsbanki has published a base prospectus for a domestic bond programme. The Bank is able to issue a wide range of bonds under the prospectus.
Íslandsbanki has a USD 4.0bn Euro Medium Term Note programme (EMTN) in place. The programme is registered at the Irish Stock Exchange.
Íslandsbanki has defined a Framework for sustainable loans and investments in its portfolio. It consists of green, blue and red categories for social development.
Sustainalytics has given its positive second party opinion on the Framework, which is based on the ICMA´s Green, Social and Sustainable Principles.
They consist of the following four pillars: