Islandsbanki hf. : Íslandsbanki sells commercial paper
ET | Source:Íslandsbanki hf.
Íslandsbanki hf. has today sold 5 and 6 month commercial paper. The total
issuance in each series cannot exceed ISK 1.5bn in nominal terms. The auction
was structured so that bidders submitted bids at predetermined rates (prices).
The 5 month commercial paper was sold at a simple rate of 5.90% (price:
97.3670) and the 6 month commercial paper at a simple rate of 5.95% (price:
Bids for ISK 260 million were accepted for the 5 month commercial paper and ISK
460 million for the 6 month commercial paper. Prior to the auction the total
outstanding commercial paper amounted to ISK 6.92bn.
The commercial paper was sold to a broad group of investors. Trading is expected
to commence on 17 July 2014 on the Nasdaq OMX Iceland.
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 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.
2321 Rosecrans Avenue.
El Segundo, CA 90245 Phone: (800) 307-6627 Fax: (800) 307-3567
25 Basinghall Street,
London EC2V 5HA
UK Phone: +1 866-465-8454