Kvika banki hf.: Commercial paper auction 12 December 2018

Reykjavík, ICELAND


Kvika banki hf. will hold a commercial paper offering Wednesday 12 December 2018.

The 6-month series KVB 19 0602 will be offered to investors in the nominal amount ISK 2,000 million. The auction will be structured as a single-price auction, which means that all accepted bids will be sold to investors at the same price. The lowest accepted price (highest yield) will determine the selling price. The commercial paper is issued in ISK 20 million denominations and will be listed on Nasdaq Iceland. The auction will be managed by Kvika banki's Capital Markets division. Offers shall be submitted before 16:00 on Wednesday 12 December. Payment and settlement date is 20 December 2018.

Further information is available at Kvika banki's Capital Markets tel. +354 540 3220 or vixlar@kvika.is