Íslandsbanki has today issued ISK 2,700 million 3.5% fixed rate senior unsecured green bond with a maturity of 5 years. The bond was sold, in a private placement, to a wide range of domestic investors.
The transaction is the first green issue by an Icelandic bank and is an important milestone in the build-up of the domestic bond market. By issuing a green bond Íslandsbanki commits itself to lending the proceeds to environment friendly (green) projects that fall within the Bank´s, newly signed, Sustainable Financing Framework.
The bond is expected to be listed on Nasdaq Iceland on 26 November 2020. The bond is issued under Íslandsbanki´s ISK 100bn Bond Programme supported by the Bank‘s newly-signed Sustainable Financing Framework, available at: https://www.islandsbanki.is/en/product/about/funding
The bond was placed by Islandsbanki´s Securities sales.
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