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2016-11-11

Islandsbanki hf.: Íslandsbanki concludes covered bond offering

Íslandsbanki hf. has today concluded an offering of covered bonds.

The non-indexed issue ISLA CB 23 was sold for an amount of ISK 1,480m at a
yield of 5.72%.

The CPI-linked issue ISLA CBI 22 was sold for an amount of ISK 760m at a yield
of 3.34%.

The CPI-linked issue ISLA CBI 26 was sold for an amount of ISK 2,040m at a
yield of 3.22%.

Total demand amounted to ISK 4,580m.

Trading is expected to commence on 18 November 2016 on Nasdaq Iceland.

In connection with the auction, a bond exchange offering took place where
holders of the CPI-linked ISLA CBI 16 could sell the bonds in the series
against bonds bought in the above-mentioned auction. The nominal of the
exchange was ISK 1,280m.

So far this year Íslandsbanki has issued covered bonds in the amount of ISK
18,000m. The total nominal amount of outstanding covered bonds issued by
Íslandsbanki will be to ISK 65,420m.

For further information:

* Investor Relations - Tinna Molphy, ir@islandsbanki.is and tel: +354 440
3187.
* Public Relations - Edda Hermannsdóttir, pr@islandsbanki.is and tel: +354
440 4005.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Islandsbanki hf. via Globenewswire

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