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Published: 2023-05-10 18:06:00 CEST
Íslandsbanki hf.
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Íslandsbanki hf.: Íslandsbanki issues EUR 300 million senior preferred notes

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 3 years and pay a coupon of 7.375%, constituting a spread of 421bp over mid-swaps. The deal was more than 2.5 times oversubscribed, attracting close to EUR 800 million of orders from 116 investors.
 
The transaction was launched in combination with a tender offer, announced on 9 May 2023, to holders of its outstanding EUR 300 million notes due 20 November 2023 (ISIN: XS2259867039).
 
Joint Lead Managers for the transaction were Barclays, Citigroup, Goldman Sachs Bank Europe and J.P. Morgan.


Islandsbanki hf. Islandsbanki issues EUR 300 million senior preferred notes.pdf