Íslandsbanki has today issued a SEK 1 billion 4NC3 Floating Rate Note senior unsecured bond, at a spread of 80 basis points over 3-month STIBOR.
The transaction was sold to a wide range of investors across the Nordic region and the bond is expected to be listed on the Irish Stock Exchange on 26 April 2018.
This is the third senior unsecured bond that Íslandsbanki has issued in the public SEK market since the end of 2013, and it reaffirms the Bank´s commitment to maintaining liquid benchmark bonds in this important market.
The bond will be issued under Íslandsbanki´s USD 2,000m Global Medium-Term Note (GMTN) Programme. The GMTN Base Prospectus and its supplements are available at www.islandsbanki.is/ir.
Joint bookrunners on the transaction were Nordea, SEB and Swedbank.
For further information:
- Investor Relations – Gunnar S. Magnusson, ir@islandsbanki.is and tel: +354 440 4665.
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About Íslandsbanki
A leader in financial services in Iceland, Íslandsbanki is a universal bank with total assets of ISK 1,036bn 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, Íslandsbanki’s 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, Kreditkort 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 fifth consecutive year, Íslandsbanki led the Icelandic Customer Satisfactory Index for banks in 2017 and was also named Bank of the Year in Iceland by the Banker. Íslandsbanki has a BBB+/A-2 rating from S&P Global Ratings and BBB/F3 from Fitch Ratings and is the only bank in Iceland rated by two international rating agencies. www.islandsbanki.is
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