Published: 2019-01-21 16:50:15 CET
Íslandsbanki hf.
Other information disclosed according to the rules of the Exchange

Islandsbanki hf.: Íslandsbanki increases SEK300 million private placement by SEK50 million and NOK100 million private placement by NOK650 million

Íslandsbanki hf. has today increased the issue size of the following two bonds by SEK50 million and NOK650 million respectively under its Global Medium Term Notes (GMTN) Programme with the following terms:

Issuer: Íslandsbanki hf.
Original Issue Size: SEK 300,000,000
New Issue Size: SEK 350,000,000
Maturity Date: 28 July, 2020
Listing: Irish Stock Exchange
ISIN: XS1940960625
Dealer: Nordea

Issuer: Íslandsbanki hf.
Original issue Size: NOK 100,000,000
New issue Size: NOK 750,000,000
Maturity Date: 25 January 2022
Listing: Irish Stock Exchange
ISIN: NO0010842107
Dealer: Danske Bank

Information on Íslandsbanki’s USD 2,500,000,000 GMTN and its supplements are available at

For further information:

Investor Relations – Gunnar Magnusson,,  tel +354 440 4665.

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About Íslandsbanki
A leader in financial services in Iceland, Íslandsbanki is a universal bank with total assets of ISK 1,163bn (about EUR8.5bn) and a 25% - 50% market share across all domestic business segments. Building on over 140 years of servicing key industries, Íslandsbanki has developed specific expertise in tourism, seafood and energy related industries. Driven by the vision to be #1 for service, Íslandsbanki’s relationship banking business model is propelled by three business divisions that manage and build relationships with the Bank’ s customers. Íslandsbanki has developed a wide range of online services such as the Íslandsbanki and Kass apps, enabling customers to do their banking whenever and wherever. At the same time, the Bank continues to operate the most efficient branch network in Iceland through its strategically located 14 branches. For the fifth consecutive year, Íslandsbanki led the Icelandic Customer Satisfactory Index for banks in 2017 and was also named Best Bank of Iceland in 2018 by Euromoney and Bank of the Year in 2017 in Iceland by the Banker. Íslandsbanki has a BBB+/A-2 rating from S&P Global Ratings and BBB/F3 from Fitch Ratings and is the only bank in Iceland rated by two international rating agencies.

This press release may contain “forward-looking statements,” involving uncertainty and risks that could cause actual results to differ materially from results expressed or implied by the statements. Íslandsbanki hf. undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. It is the investor's responsibility to not place undue reliance on these forward-looking statements which only reflect the date of this press release. Forward-looking statements should not be considered as guarantees or predictions of future events and all forward-looking statements are qualified in their entirety by this cautionary statement.