Íslandsbanki – Covered Bonds (ISLA CBI 30) admitted to trading on 30 May 2017

| Source: NASDAQ Iceland hf. NASDAQ Iceland hf.

 

Term Sheet
 
Issuer: Íslandsbanki hf.
Org. no: 491008-0160
Address: Hagasmári 3, 201 Kópavogur
 
Bonds/bills: Bonds
Symbol (Ticker) ISLA CBI 30
ISIN code IS0000028827
CFI code D-G-F-U-F-R
Registered at ISD Yes
Amortization type Bullet
Country Iceland
Currency ISK
Date of admission to trading 30.05.2017
Order book ID 138826
Instrument subtype Corporate bonds
Market OMX ICE CP Fixed Income
List population name OMX ICE Bank Bonds
Denomination in CSD ISK 20,000,000
Size limit ISK 20,000,000,000
Total issued amount 7,320,000,000
Amount admitted to trading at this time 7,320,000,000
Issue date Tuesday, May 30, 2017
First ordinary installment date Thursday, May 30, 2030
Total number of installments 1
Installment frequency N/A
Maturity date Thursday, May 30, 2030 with the possibility of an extended maturity date to May 30, 2033
Interest rate 3.00%. Interest from maturity date to extended maturity date will increase to 3.50% 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 Tuesday, May 30, 2017
First ordinary coupon date Thursday, November 30, 2017
Coupon frequency 2
Total number of coupon payments 26
Indexed Yes
Name of index Consumer Price Index
Daily index or monthly index Daily Index
Base index value 442,02667
Index base date Tuesday, May 30, 2017
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 Nasdaq CSD Iceland
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