Íslandsbanki has today issued a 5-year senior unsecured floating rate bond for ISK 3.6bn.
The bond was priced at a spread of 1m REIBOR+90bp.
Issuer: Íslandsbanki hf.
Issue Size: ISK 3,600,000,000
Maturity Date: 25 November 2024
Listing: Nasdaq Iceland
Dealer: Íslandsbanki Securities Sales
This is the Bank´s first ISK senior transaction and is an important milestone in the build-up of the domestic bond market. The bonds were sold in a private placement to a wide range of domestic investors.
The bond is expected to be listed on the Nasdaq Iceland on 25 November 2019. The bond is issued under Íslandsbanki’s ISK 100bn Bond Programme.
For further information: Investor Relations - ir@islandsbanki.is
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About Íslandsbanki
A leader in financial services in Iceland, Íslandsbanki is a universal bank with total assets of ISK 1,234bn and a 25% - 50% market share across all domestic business segments. Building on over 140 years of servicing key industries, Íslandsbanki has developed specific expertise in tourism, seafood and energy related industries. Driven by the vision to be #1 for service, Íslandsbanki’s relationship banking business model is propelled by three business divisions that manage and build relationships with the Bank’ s customers. Íslandsbanki has developed a wide range of online services such as the Íslandsbanki and Kass apps, enabling customers to do their banking whenever and wherever. At the same time, the Bank continues to operate the most efficient branch network in Iceland through its strategically located 14 branches. For the sixth consecutive year, Íslandsbanki led the Icelandic Customer Satisfactory Index for banks in 2018. Íslandsbanki has a BBB+/A-2 rating from S&P Global Ratings. www.islandsbanki.is
Disclaimer
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