Islandsbanki hf. : Íslandsbanki sells commercial paper
ET | Source:Íslandsbanki hf.
Íslandsbanki hf. has today sold 6 month commercial paper. The total issuance in
the series cannot exceed ISK 1.5bn in nominal terms. The auction was structured
so that bidders submitted bids at predetermined rate (price), at a simple rate
of 5.95% (price: 97.0642).
Bids for ISK 840,000,000 were accepted. Prior to the auction the total
outstanding commercial paper amounted to ISK 7.88bn.
The commercial paper was sold to a broad group of investors. Trading is expected
to commence on 15. April 2014 on the Nasdaq OMX Iceland.
For further information:
* Investor Relations - Tinna Molphy, email@example.com and tel:
+354 440 3187
* Media Relations - Dögg Hjaltalín, firstname.lastname@example.org and tel:
+354 440 3925.
GlobeNewswire, a NASDAQ OMX company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.