Source - GNW

This is a correction of the announcement from 16:59 05.04.2018 GMT. Reason for the correction:  The total amount sold in the 6-month series was ISK 1,760 million, instead of ISK 1,800 million. In total offers worth ISK 1,760 million were accepted instead of ISK 1,800 million.

Íslandsbanki hf. has today offered 6 and 12 month commercial paper to investors. Offers totaling ISK 2,740 million were received and offers worth ISK 1,760 million were accepted.

The nominal amount sold in the 6-month series was 1,760m at a 4.33% simple rate. Total offers received amounted to ISK 2,400 million at rates of 4.28% - 4.35%.

The 12-month series received offers amounting to ISK 340 million at rates of 4.54% - 4.70%. All offers were declined at this time.

The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 10 April.

For further information:
Investor Relations - Gunnar S. Magnússon, [email protected] and tel: +354 440 4665.

This press release may contain "forward-looking statements," involving uncertainty and risks that could cause actual results to differ materially from results expressed or implied by the statements. Íslandsbanki hf. undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. It is the investor's responsibility to not place undue reliance on these forward-looking statements which only reflect the date of this press release. Forward-looking statements should not be considered as guarantees or predictions of future events and all forward-looking statements are qualified in their entirety by this cautionary statement.  


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Islandsbanki hf. via Globenewswire