Íslandsbanki has today issued a SEK 300m tap into its inaugural SEK 500m Floating Rate Note (FRN) maturing 16 December 2017.
Profit after tax was ISK 23.1bn in 2013 (4Q13: ISK 7.7bn), compared to the 2012 result of ISK 23.4bn (4Q12: ISK7.2bn). Return on equity was 14.7% in 2013 (4Q13: 19.5%), compared to 17.2% in 2012 (4Q12: 19.7%). The YoY decrease in ROE is primarily driven by higher equity 14.4% YoY.
VÍB, wealth management division and management company IS Funds have completed the financing of Akur, a new private equity fund.
Íslandsbanki has sold all its shares in HTO ehf. to Fast-1 slhf.
SPW ehf. (subsidiary of Miðengi), has completed the sale of all shares in Bluebird ehf. to Haru Holding ehf., the parent company of the airline Air Atlanta.
Íslandsbanki had the highest turnover in equities and fixed income on Nasdaq OMX Iceland in December. Íslandsbanki also had the highest turnover in the equities market in 2013 with 27.8% marketshare.
VÍB, asset management services of Íslandsbanki, has signed a distribution agreement with BlackRock, the world´s largest asset manager. The partnership increases the wide variety of products and services supplied by VÍB in the field of asset management services in foreign markets.
Íslandsbanki participates in syndicated loans to the Norwegian shipping company Havila for refinancing of four vessels. The total amount of the syndicated loan that Íslandsbanki participates is 475 m. NOK.
Íslandsbanki has issued its first international bond – SEK 500m (ISK 9.1bn) 4-year Floating Rate Note. The senior unsecured bond pays a quarterly coupon of 3 month Stibor + 400bp. More than 40 investors from Sweden, Norway and Finland subscribed for the issue which was oversubscribed. The bond is expected to be listed on the Irish Stock Exchange on 16 December.
Today, Friday, 6 December 2013, is the first day of public offering of shares in N1 hf. The offer stands until 16:00 Monday the 9th December 2013.