Iceland’s Islandsbanki to buy back some of €100 million 3% notes

By Wendy Van Sickle

Columbus, Ohio, July 20 – Islandsbanki plans to buy back “a significant part” of its €100 million of 3% notes due May 2016, according to a notice.

The company said it plans to issue a new three-year euro-denominated unsecured fixed rate bond in conjunction with the repurchase as part of its strategy to manage its liabilities.

Islandsbanki is a bank with headquarters in Reykjavik, Iceland.

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