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2016-01-26

Islandsbanki hf. : Íslandsbanki issues USD 35m private placement

Íslandsbanki hf. has today issued a bond with the following term sheet:

* Issuer: Íslandsbanki hf.
* Status: Unsecured, Unsubordinated
* Nominal Amount: USD 35,000,000
* Issue Date: 02 February 2016
* Maturity Date: 02 August 2017
* Issue Price: 100.00%
* Interest: Floating Rate Note paying 3 month USD LIBOR + 170 bps
* Listing: Irish Stock Exchange
* Dealer: Merrill Lynch International
* Documentation: Íslandsbanki's USD 750,000,000 Gobal Medium Term Programme
(GMTN). The GMTN Base Prospectus and its Supplements are available
atwww.islandsbanki.is/ir.

This bond issue follows on the back of Standard&Poor's revision of
Íslandsbanki's outlook to positive from stable. Simultaneously, the
'BBB-/A-3' long- and short-term counterparty credit ratings were affirmed.

For further information:

* Investor Relations - Tinna Molphy,tinna.molphy@islandsbanki.is, tel +354
440 3187.
* Media Relations - Edda Hermannsdottir, edda.hermannsdottir@islandsbanki.is
and tel: +354 440 4005.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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

HUG#1981412

Författare WKR

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