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Friday 12 April, 2019

Islandsbanki hf.

Islandsbanki hf.: Tender offer results

Islandsbanki hf.: Tender offer results

Íslandsbanki announced today the results of a tender offer announced on 4 April 2019 where holders of its EUR 500,000,000 1.75 per cent notes due 7 September 2020 (ISIN XS1484148157) were invited to tender their notes for purchase by the Bank against a cash payment. The tender offer was subject to the terms and conditions outlined in the Tender Offer Memorandum dated 4 April 2019.

The Bank received valid tenders of EUR 400,335,000 and offers amounting to EUR 300,000,000 were accepted.

Further information on the tender offer results is available in the announcement made public on the Irish Stock Exchange (www.ise.ie) where the bonds are listed.

For further information:

Investor Relations – Gunnar Magnusson, [email protected],  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 1,130bn 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 sixth consecutive year, Íslandsbanki led the Icelandic Customer Satisfactory Index for banks in 2018 and was also named Best Bank of Iceland in 2018 by Euromoney. Íslandsbanki has a BBB+/A-2 rating from S&P Global Ratings. www.islandsbanki.is

Disclaimer
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.


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