Íslandsbanki hf. has today offered 6 month commercial paper to investors.
The nominal amount sold in the 6-month series was 2,570m at a 4.70% simple rate. Total offers received amounted to ISK 3,170 million at rates of 4.65% - 4.80%.
The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 21 May.
For further information: Investor Relations - Gunnar S. Magnússon, email@example.com and tel: +354 440 4665.
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A leader in financial services in Iceland, Íslandsbanki is a universal bank with total assets of ISK 1,205bn 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, Íslandsbankis 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 and was also named Best Bank of Iceland in 2018 by Euromoney. Íslandsbanki has a BBB+/A-2 rating from S&P Global Ratings. www.islandsbanki.is
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