Íslandsbanki hf.: Upcoming senior preferred bond offering in ISK
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Island |
|---|---|
| Lista | Large Cap Iceland |
| Sektor | Finans |
| Industri | Storbank |
Íslandsbanki hf. will be holding an auction on senior preferred bonds on Friday 21 June 2024.
The series ISB GBF 27 1122 and ISB 28 1221 will be offered to investors.
ISB 27 GBF 1122 is a floating rate bond series maturing on 22 November 2027. This is a green equal payment floating rate bond, 1-month REIBOR+125bp.
ISB 28 1221 is a fixed rate index-linked senior preferred bond series with an annual coupon and was originally issued in December 2023. The final maturity date is 21 December 2028.
The offering of ISB 27 GBF 1122 will be conducted in a Dutch auction format, where all accepted offers will be awarded at the highest accepted yield.
The offering of ISB 28 1221 will be at a predetermined clean price, to be announced after market close on June 20th 2024.
The Bank reserves the right to accept or reject offers in part or in whole.
Expected settlement date is 1 July 2024.
The bonds will be issued under the Bank’s EUR 2,500m Euro Medium Term Note (EMTN) Programme. The EMTN Base Prospectus is available here: EMTN programme
The auction will be managed by Íslandsbanki’s Fixed Income Sales. Offers shall be submitted by e-mail to vbm@isb.is before 16:00 p.m. on 21 June 2024.