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.
Profit after tax was ISK 4.2bn in 3Q13 (3Q12: ISK 4.6bn), and ISK 15.4bn in 9M13 (9M12: ISK16.2bn).
Íslandsbanki will publish its 3Q2013 consolidated interim financial results before market opening on Wednesday 27 November 2013.
New law on consumer lending take effect today, 1st of November. The legislation stipulates increased disclosure of information by financial undertakings to borrowers.
Íslandsbanki Research forecasts that output growth in Iceland will measure 1.7% this year, which is slightly more than the 1.4% measured in 2012.
Íslandsbanki, has announced the launch of the Islandsbanki American Express® Card in Iceland in co-operation with American Express. Íslandsbanki is the largest issuer of payment cards in Iceland and the new American Express Charge Card is ideal for those customers seeking a product which offers value and an ability to earn rewards on spend.
The Board of Directors of Sjóvá-Almennra trygginga has engaged Íslandsbanki to act as advisors for the proposed listing of the company on the NASDAQ OMX Iceland.
VÍB, Íslandsbanki´s asset management and Íslandssjóðir, have founded Akur, a new private equity fund which will be an active owner of stakes in unlisted companies.
Íslandsbanki has opened a new branch in Höfðabakki where Íslandsbanki´s branch in Gullinbrú, Hraunbæ and Mosfellsbæ have merged to one.