Islandsbanki hfOMXICE: ISB

Íslandsbanki hf.: Tier 2 bond offering in ISK

· Issued by Islandsbanki hf

Summary by 6ix AI

Íslandsbanki hf. will offer Tier 2 bonds, a type of bank capital bond, in Icelandic krona (ISK) in an auction on Thursday, September 17, 2026. The bonds pay a floating interest rate linked to 1-month REIBOR, a benchmark interbank lending rate in Iceland.

Key details

  • Interest is paid monthly, and the principal is repaid in one payment at maturity.
  • Final maturity is September 24, 2036. The bonds can be called (repaid early) from September 2031 and on every interest payment date after that.
  • In a single-price auction, all accepted offers receive the highest accepted spread over 1-month REIBOR.
  • The bonds will be issued under Íslandsbanki's EUR 4bn EMTN (Euro Medium Term Note) Programme, a framework for issuing bonds. Íslandsbanki's Fixed Income Sales will manage the auction.
  • Offers must be sent by e-mail before 16:00 on September 17, 2026.

What’s still pending

  • Íslandsbanki reserves the right to accept or reject offers in part or in whole.
  • Settlement is expected on September 24, 2026.
  • The bonds are expected to be admitted to trading on Nasdaq Iceland on September 24, 2026.

6ix AI wrote this summary from the release below and checked it against the release.

English Icelandic Published: 2026-09-14 18:03:00 CEST Íslandsbanki hf. - Other information disclosed according to the rules of the Exchange Íslandsbanki hf.: Tier 2 bond offering in ISK

Íslandsbanki hf. will be offering Tier 2 bonds in an auction on Thursday 17 September 2026.

Investors will be offered a floating-rate bond bearing interest at a rate linked to 1-month REIBOR, with interest paid monthly and one payment of principal at maturity (hereinafter the "Bonds"). The Bonds' final maturity date is 24 September 2036 with a call date in September 2031 and on every interest payment date thereafter.

The Bonds will be offered in a single-price auction, where all accepted offers will be awarded at the highest accepted spread over 1-month REIBOR.

Íslandsbanki reserves the right to accept or reject offers in part or in whole.

Expected settlement date is 24 September 2026.

The Bonds will be issued under Íslandsbanki's EUR 4bn EMTN Programme. The Base Prospectus is available at: https://www.islandsbanki.is/en/product/about/funding.

The Bonds are expected to be admitted to trading on Nasdaq Iceland on 24 September 2026.

The auction will be managed by Íslandsbanki's Fixed Income Sales. Offers shall be submitted by e-mail to vbm@isb.is before 16:00 on 17 September 2026.

For further information please contact:
Investor Relations, ir@islandsbanki.is
Public Relations, pr@islandsbanki.is

Islandsbanki hf. Tier 2 bond offering in ISK.pdf https://attachment.news.eu.nasdaq.com/acc15c5da19f7eb85698a2bace747da45
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