Correction: Islandsbanki hf.: Concludes commercial paper offering

06.04.2018 - IR Releases

This is a correction of the announcement from 16:59 05.04.2018 GMT. Reason for the correction: The total amount sold in the 6-month series was ISK 1,760 million, instead of ISK 1,800 million. In total offers worth ISK 1,760 million were accepted instead of ISK 1,800 million.

Íslandsbanki hf. has today offered 6 and 12 month commercial paper to investors. Offers totaling ISK 2,740 million were received and offers worth ISK 1,760 million were accepted.

The nominal amount sold in the 6-month series was 1,760m at a 4.33% simple rate. Total offers received amounted to ISK 2,400 million at rates of 4.28% - 4.35%.

The 12-month series received offers amounting to ISK 340 million at rates of 4.54% - 4.70%. All offers were declined at this time.
The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 10 April.

For further information:

Investor Relations - Gunnar S. Magnússon, ir@islandsbanki.is and tel: +354 440 4665.

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