Republic of Iceland Eurobond issue
The Republic of Iceland today completed a €1 billion Eurobond issue (EMTN), equivalent to approx. 90 b.kr. The fixed-rate notes mature on December 1, 2011. Re-offer spread was 1 point below EURIBOR. The issue generated wide investor interest with bids amounting to 1.7 billion euros from over 60 parties. Most of the broad-based investor group were European but bids were also received from Asian insitutional investors. Bookrunners were Barclays Capital, Citigroup and Dresdner Kleinwort. The entire proceeds from the issue will be used to strengthen the foreign reserves of the Central Bank of Iceland.
For further information contact the Board of Governors of the Central Bank of Iceland or Sturla Pálsson, Director of the International and Market Operations Division, tel. +354-569-9600.
November 22, 2006