Íslandsbanki hf. has today sold 5 and 6 month commercial paper. The total
issuance in the series cannot exceed ISK 1.5bn in nominal terms. Offers of ISK
160 million were accepted at a simple rate of 5.25% (price: 97.8035) for the 5
month issue and ISK 140 million at a simple rate of 5.25% (price: 97.4283) for
the 6 month issue.
Prior to the auction the total outstanding commercial paper amounted to ISK
4.2bn. Total appetite for the issue amounted to ISK 680m, of which 44% of the
offers were accepted. Trading is expected to commence on 13 February 2015 on
Nasdaq Iceland.
For further information:
* Investor Relations - Guðbjörg Birna Björnsdóttir, ir@islandsbanki.is and
tel: +354 440 4752.
* Media Relations - Guðný Helga Herbertsdóttir, pr@islandsbanki.is and tel:
+354 844 3678.
[HUG#1892303]