Íslandsbanki has today issued a 5-year senior unsecured floating rate bond for ISK 3.6bn. The bond was priced at 1m REIBOR+90bp.
- Issuer: Íslandsbanki hf.
- Issue Size: ISK 3,600,000,000
- Maturity Date: 25 November 2024
- Listing: Nasdaq Iceland
- ISIN: TBD
- 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.