Íslandsbanki hf. has today launched a EUR 300 million senior preferred notes off its Euro Medium Term Note Programme. The notes have a maturity of 4 years and pay a coupon of 4.625%, constituting a spread of 185bp over mid-swaps. The deal was 4 times oversubscribed, attracting over EUR 1.600 million of orders from over 135 investors.
The transaction was launched in combination with a tender offer, announced on 19 March 2024, to holders of its outstanding EUR 300 million notes due 25 March 2025 (ISIN: XS2411447043).
Joint Lead Managers for the transaction were ABN AMRO Bank, BofA Securities, Morgan Stanley and Nomura.
For further information please contact:
Investor Relations - Bjarney Anna Bjarnadóttir, ir@islandsbanki.is
Public Relations - Edda Hermannsdóttir, pr@islandsbanki.is
This announcement is released by Íslandsbanki hf. and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR). For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Ellert Hlöðversson, CFO of Íslandsbanki hf.
This news release was distributed by Company News System, www.nasdaqomxnordic.com/news/marketnotices
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Íslandsbanki hf. published this content on
19 March 2024 and is solely responsible for the information contained therein. Distributed by
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19 March 2024 16:31:08 UTC.
Islandsbanki hf is an Iceland-based customer-centric universal bank. The Bank is licensed as a commercial bank in Iceland and offers comprehensive services to the retail and corporate sectors. The Bank is one of Iceland's three main banks. The Bank has three main business divisions as follows: Personal Banking offers financial services for individuals and households, such as lending, savings and payments. Business Banking provides comprehensive banking services and versatile banking products to SMEs, such as lending, saving products and payment solutions. Corporate & Investment Banking provides comprehensive universal financial and investment banking services to large companies, municipalities, institutional investors, and high net worth individuals.