Excess demand in a private offering of shares in Icelandair Group hf.

In a private sales offering, Íslandsbanki accepted bids for 514,460,932 shares or 10.29% of the issued share capital in Icelandair Group hf. The offering was three times over-subscribed, resulting in a total sales value ISK 3.3 billion. The Bank had aimed to sell a 5% stake in Icelandair Group hf. but the final amount was revised upwards when the results of investors’ bids were in. After the sale, the Bank‘s equity holding in Icelandair Group hf. is 9.7%, compared to a 19.99% stake prior to the sale

Older news

Construction begins at Bakki

21.09.2015 09:21
The start of construction of the PCC silicon plant at Bakki, near Húsavík, was celebrated last week. Financing was completed this summer, with capital...

Rut Gunnarsdóttir as Compliance Officer

16.09.2015 13:37
Rut Gunnarsdóttir has been engaged as Compliance Officer at Íslandsbanki.

Revolving loan facility to Landsvirkjun

16.09.2015 12:42
Íslandsbanki, Arion Bank, and Landsbanki have granted Landsvirkjun a seven-year syndicated credit facility totalling ISK 12bn, consisting of one ISK...

Islandsbanki hf. : 2Q15 Condensed Consolidated Interim Financial Statements

25.08.2015 08:15 - IR Releases
Profit after tax was ISK 10.8bn in 1H15 compared to ISK 14.7bn in 1H14. The difference is mainly due to irregular items.

Standard & Poor's raises Íslandsbanki's ratings to investment grade

21.07.2015 10:33 - IR Releases
Standard & Poor's Ratings Services has raised its long-term and short-term rating on Íslandsbanki to BBB-/A-3. The outlook on Íslandsbanki is...

Íslandsbanki hf. issues EUR 100m 3-year Fixed Rate Note

20.07.2015 16:57 - IR Releases
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...

Íslandsbanki hf. and Glitnir hf. Come to Heads of Agreement Regarding the Re-Capitalization of Íslandsbanki hf.

16.07.2015 16:43 - IR Releases
Íslandsbanki hf., Glitnir hf., ISB Holding ehf. and GLB Holding ehf. have entered into Heads of Agreement under which they agree to co-operate in...