Islandsbanki hf.: Íslandsbanki successfully issues innovative EUR 300m callable 6-year bond (6NC5)

12.01.2018 - IR Releases

Íslandsbanki has today issued a EUR 300m 6NC5 1.125% fixed rate senior unsecured bond, at a spread of 75 basis points over 5-year mid-swaps.

The issue was more than four times oversubscribed, with total demand for the transaction amounting to EUR 1,255m from 121 investors. The bonds were sold to a diversified spectrum of investors, including in the UK, continental Europe, Scandinavia and Asia. The bond is expected to be listed on the Irish Stock Exchange on 19 January 2018.

This issue, the longest-dated and most tightly-priced benchmark bond from an Icelandic financial institution since 2008, is a significant achievement for the Bank.

The bonds will be issued under Íslandsbanki's USD 2,000m Global Medium Term Note (GMTN) Programme. The GMTN Base Prospectus and its supplements are available at www.islandsbanki.is/ir.

Joint bookrunners on the transaction were Goldman Sachs International, J.P. Morgan and Nomura.

Jon Gudni Omarsson, CFO of Íslandsbanki:

"Recent spread developments for the Bank's bonds issued in foreign currencies have been very positive which demonstrates investors' continued confidence in the Bank and the Icelandic economy. Today's issue clearly reflects this and we are very pleased with the transaction and the great interest we received from investors."

Older news

Islandsbanki hf.: Íslandsbanki issues SEK 1 billion callable 4-year bond (4NC3)

19.04.2018 - IR Releases
Íslandsbanki has today issued a SEK 1 billion 4NC3 Floating Rate Note senior unsecured bond, at a spread of 80 basis points over 3-month STIBOR.More

New tourism industry report

17.04.2018
According to Íslandsbanki’s new tourism industry report, Airbnb is now three times larger in the domestic market than all of Iceland’s guest houses...More

Sales process of Iceland Drilling initiated

16.04.2018
A sales process has been initiated for the sale of all shares in Iceland Drilling. Iceland Drilling is owned by SF III, a fund managed by Stefnir...More

Lyf og heilsa acquires constrction company Trésmiðjan Börkur

11.04.2018
The owners of Börkur hf. have come to an agreement on the sale of a 100% stake in the company to Lyf og heilsa hf. Delivery of the company to its new...More

Íslandsbanki Annual General Meeting 2018

22.03.2018 - IR Releases
Íslandsbanki’s Annual General Meeting (AGM) was held today, Thursday 22 March 2018, at 15:00 hrs., at the Bank’s headquarters in Hagasmári 3...More

Year 2017 reports

14.02.2018 - IR Releases
Íslandsbanki released its annual financial results for 2017 this morning. The Bank has now published its Annual Audited Financial Statements, Annual...More

Annual Consolidated Statements 2017

14.02.2018 - IR Releases
Profit after tax was ISK 13.2bn in 2017, compared to ISK 20.2bn in 2016. The profit in 2016 was considerably higher due to one-off income from the...More
Netspjall