Íslandsbanki hf.: Announcement of a tender offer for outstanding notes alongside a possible issuance of green senior preferred notes in Norwegian and Swedish krona
Íslandsbanki hf.: Announcement of a tender offer for outstanding notes alongside a possible issuance of green senior preferred notes in Norwegian and Swedish krona
Íslandsbanki hf. (the “Issuer”) is today considering an issuance of green senior preferred notes with 3-year maturity under the Issuer’s EMTN programme (the “New Issue”).
In connection with the New Issue, the Issuer is announcing its invitation to the holders of the following notes (together the “Notes“) to tender any and all their Notes for repurchase. Any purchase prices indicated below are indicative only and non-binding, and may be subject to change:
SEK FRN (ISIN: XS2715286394) maturing on 8 November 2026 at 3mS + 25bps
SEK FRN (ISIN: XS2751578050) maturing on 25 January 2027 at 3mS + 30bps
NOK FRN (ISIN: NO0013132159) maturing on 25 January 2027 at 3mN + 27.5bps
Final purchase prices, if any, will be determined by the Issuer in its sole and absolute discretion, taking into account market conditions and other relevant factors.
The acceptance of the Issuer of tenders by the holders of their Notes as aforesaid is subject to, and conditional upon, in the sole and absolute discretion and determination of the Issuer: (i) the terms and conditions of the New Notes being satisfactory to the Issuer, including, but not limited to, the price and volume of the New Notes; and (ii) the successful outcome of the issuance of New Notes (including the receipt of funds by the Issuer).
The Issuer reserves the right, in its sole and absolute discretion, to amend (including any indicative pricing) or withdraw the tender offer at any time without prior notice.