Conclusion of green senior preferred bond auction
Conclusion of green senior preferred bond auction
2023-02-21 18:15:00
Íslandsbanki hf. has today concluded an offering of ISB GB 27 1122 senior preferred bonds. Total demand amounted to 2,420m with a yield ranging from 8.29% - 9.00%
ISB 27 GB 1122 was sold for an amount of 1,680m at a yield of 8.78%.
Expected settlement date is 28 February 2023.
The bonds will be issued under the Bank’s EMTN programme and are expected to be admitted to trading on Nasdaq Iceland on 28 February 2023.
An amount equal to the net proceeds of the issue will be used to finance or refinance, in whole or in part, the Issuer's investments in Eligible Assets (being Green Projects), as further described in the Issuer’s Sustainable Financing Framework available on the Issuer’s website: https://www.islandsbanki.is/en/product/about/funding.