Kaupthing Bank has launched its first Canadian Maple bond

Kaupthing Bank has launched its first Canadian Maple bond Kaupthing Bank has priced and launched a CAD 500 million, 4.7% fixed rated Maple bond issue, maturing in February 2010. It represents Kaupthing Bank's inaugural Maple bond issue. Kaupthing Bank conducted a roadshow in Canada in January and following very strong and positive feedback from Canadian Maple bond investors decided to follow it up with a transaction. The issue was sold to a broad range of Canadian institutional investors with 17 accounts participating and was oversubscribed as the final order book reached CAD 700 million. Last year one of the main focuses within the bank was the diversification of its funding sources and this transaction is an important step towards diversifying the bank's investor base even further. The intention was to raise CAD 300 million but given the order book's size, quality and the funding level the bank decided to launch a benchmark issue in the Canadian market to satisfy demand. Merrill Lynch Canada and TD Securities acted as joint lead managers and bookrunners on the transaction and HSBC Securities (Canada) Inc and RBC Capital Markets were co-managers. For further information please contact Gudni Adalsteinsson, Group Treasurer, tel. +354 856 6126 About Kaupthing BankKaupthing Bank offers comprehensive commercial and investment banking services to individuals, companies and institutional investors. The Bank is a leading player in all the main areas of the Icelandic financial market, and in addition to Iceland, the Bank's key markets are Denmark and the United Kingdom. The Bank focuses on the growth and development of its international activities and aims to be one of the leading investment banks in northern Europe. Kaupthing Bank operates in ten countries with its headquarters located in Reykjavík. The Bank's main subsidiaries are FIH Erhvervsbank in Denmark, Kaupthing Singer & Friedlander in the United Kingdom, Kaupthing Bank Sverige, Kaupthing Bank Luxembourg, Kaupthing Bank Oyj in Finland, Norvestia in Finland, Kaupthing Føroyar, Kaupthing New York, Kaupthing Asset Management in Switzerland, Kaupthing Norge in Norway, Arion and Kaupthing Líftryggingar hf. in Iceland. As of 31 December 2006 the number of full-time equivalent positions was 2,719 at Kaupthing Bank and its subsidiaries. Information on Kaupthing Bank is also available on the Bank's website www.kaupthing.com Text version / Internet version / Print / Close