Islandsbanki repurchases, cancels notes from five series due 2024

By William Gullotti

Buffalo, N.Y., Dec. 5 – Islandsbanki hf has repurchased notes from five series maturing in 2024, according to an announcement on Tuesday.

The concurrent transactions occurred via a tender process, repurchasing:

• NOK 260 million of the NOK 400 million fixed-rate notes due January 2024 (ISIN: NO0010842396);

• SEK 130 million of the SEK 250 million floating-rate notes due March 2024 (ISIN: XS2325364110);

• SEK 84 million of the SEK 200 million floating-rate notes due July 2024 (ISIN: XS2361673218);

• NOK 329 million of the NOK 475 million floating-rate notes due July 2024 (ISIN: NO0011042269); and

• SEK 267 million of the SEK 800 million floating-rate notes due November 2024 (ISIN: XS2557201394).

The value date for the buybacks is Dec. 6, and the notes, which are listed on the Euronext Dublin, will be canceled.

The bank is based in Reykjavik, Iceland.

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