Islandsbanki hf. : MP bank market maker for covered bond ISLA CB 19
ET | Source:Íslandsbanki hf.
Íslandsbanki hf. has selected MP bank as market maker for the Bank's ISLA CB 19
covered bond. The market maker is obligated to submit bid and ask offers for at
least ISK 20m nominal value, each day before the market opens. The market maker
is required to renew its bid and ask offers within 15 minutes of them being
accepted. These are valid only within the trading day. The maximum spread
between the market maker's bid and ask prices can be no higher than 0.8%.
If trading in one business day reaches ISK 60m nominal value, the market maker
may cease to present bids/offers until the next business day.
The market making is effective as of Friday 11 April 2014.
For further information:
* Investor Relations - Tinna Molphy, firstname.lastname@example.org and tel:
+354 440 3187
* Media Relations - Dögg Hjaltalín, email@example.com 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.