Íslandsbanki - Covered Bonds (ISLA CBI 26) admitted to trading on 7 May 2015


 

Term Sheet
 
Issuer: Íslandsbanki hf.
Org. no: 491008-0160
Address: Kirkjusandur 2, 155 Reykjavík
 
Bonds/bills: Bonds
Symbol (Ticker) ISLA CBI 26
ISIN code IS0000025898
CFI code D-B-F-G-F-R
Registered at ISD Yes
Amortization type Bullet
Country Iceland
Currency ISK
Date of admission to trading 07.05.2015
Order book ID 109231
Instrument subtype Corporate Bonds
Market OMX ICE CP Fixed Income
List population name OMX ICE Bank/Savings Bank Bonds
Denomination in CSD ISK 20,000,000
Size limit ISK 20,000,000,000
Total issued amount ISK 2,360,000,000
Amount admitted to trading at this time ISK 2,360,000,000
Issue date Thursday, May 07, 2015
First ordinary installment date Thursday, May 07, 2026
Total number of installments 1
Installment frequency N/A
Maturity date Thursday, May 07, 2026  with the possibility of extended maturity to May 07, 2029
Interest rate 3.372%. Interest from maturity date to extended maturity date will increase to 3.872% in case the maturity date is extended. If any partial redemption after the Maturity Date is not sufficient to redeem all outstanding Interest Payments, then the remainder of any Interest Payment shall be added to the principal amount of the Covered Bonds.
Floating interest rate N/A
Premium N/A
Simple/compound interest Simple
Day count convention 30/360
Interest from date Thursday, May 07, 2015
First ordinary coupon date Saturday, November 07, 2015
Coupon frequency 2
Total number of coupon payments 22
Indexed Yes
Name of index Consumer Price Index
Daily index or monthly index Daily Index
Base index value 426,52
Index base date Thursday, May 07, 2015
Dirty price / clean price Clean price
Call option No
Put option No
Convertible No
Additional information No
Market making Yes
Credit rating (rating agency, date) No
Securities depository Verðbréfaskráning Íslands
Coordinator – admission to trading Íslandsbanki hf.
If irregular cash flow, then how N/A
If payment date is a bank holiday, does payment include accrued interest for days missing until next business day? No