Announcement no. 22/2010
Føroya Banki has concluded an agreement to issue a DKK 500 million bond with
maturity on 27. March 2013. The bond will be listed on Nasdaq OMX Copenhagen.
The bonds are sold to institutional investors in advance.
First trading day on Nasdaq OMX Copenhagen will be the 6th April 2010 and not
the 31st March as indicated in the attached information material.
The bond is issued as unsubordinated debt with a floating rate set at 3 months
CIBOR + 0.23 pct.
The bond is guaranteed by Finansiel Stabilitet A/S, and is part of the
agreement announced on 16 December 2009, which gave Føroya Banki the option to
request a threeyear governmentbacked guarantee for unsubordinated debt up to a
maximum of DKK 4.0 billion.
Further information:
Janus Petersen, CEO, phone (+298) 330 340
Johnny í Grótinum, IR, phone (+298) 230 380
