Islandsbanki hf.: Íslandsbanki announces results of its Tender Offer for EUR Senior Notes

Íslandsbanki hf. (the Offeror) announces today the results of its invitation to holders of its outstanding €300,000,000 Senior Callable Fixed to Floating Rate Notes due 19 January 2024 (ISIN: XS1755108344) (the Notes) to tender their Notes for purchase by the Offeror for cash (such invitation the Offer).

The Offer was announced on 28 November 2022 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 28 November 2022 (the Tender Offer Memorandum) prepared by the Offeror.

The Bank received valid tenders of €262,675,000 which were all accepted. For further detail see attached Tender Results Announcement.

The Dealer Managers are Barclays, Citigroup, Goldman Sachs Bank Europe and J.P. Morgan.

For further information:
Investor Relations -ir@islandsbanki.is

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About Íslandsbanki
With a history that dates from 1875, Íslandsbanki is an Icelandic universal bank with a strong customer focus. The Bank believes in moving Iceland forward by empowering its customers to succeed - reflecting a commitment to run a solid business that is a force for good in society. Driven by the ambition to be #1 for service, Íslandsbanki’s banking model is led by three business divisions that build and manage relationships with its customers. Íslandsbanki maintains a strong market share with the most efficient branch network in the country, supporting at the same time its customers’ move to more digital services. The Bank operates in a highly attractive market and, with its technically strong foundations and robust balance sheet, is well positioned for the opportunities that lie ahead. Íslandsbanki has a BBB/A-2 rating from S&P Global Ratings. The Bank’s shares are listed on Nasdaq Iceland Main Market.

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.

Attachment

• Islandsbanki 2022 - Tender Results Announcement

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