Islandsbanki accepts tenders for SEK 350 million floaters due 2020

By Sarah Lizee

Olympia, Wash., April 2 – Islandsbanki hf announced the results of the cash tender offer for any and all of its SEK 350 million senior floating-rate notes due July 28, 2020 (ISIN: XS1940960625).

The company said that as of April 2, valid tender instructions of SEK 350 million of the notes were received under the offer. All valid tender instructions have been accepted for purchase by the issuer.

As previously reported, the issuer offered to purchase the notes at 99.92 plus accrued interest.

The offer was set to expire at 7 a.m. ET on April 3, according to a notice.

Nordea Bank Abp, filial i Sverige (NordeaLiabilityManagement@nordea.com, +45 6136 0379) is dealer manager and tender agent for the offer.

The bank is based in Reykjavik, Iceland.

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