Islandsbanki hf.: Islandsbanki announces final tender results

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) (THE “SECURITIES ACT”) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES, THE UNITED KINGDOM, FRANCE AND ITALY) MAY BE RESTRICTED BY LAW.
Islandsbanki hf. (the “Issuer”) today announces the final results of its invitations to the holders of its outstanding SEK senior unsecured floating rate notes due 28 July 2020  (ISIN: XS1940960625) (the “Notes”) to tender their Notes for cash (the “Tender Offer”).The Tender Offer was announced on 30 March 2020 and was made on the terms and subject to the conditions contained in the tender offer announcement dated 30 March 2020 and published by the Issuer (the “Tender Announcement”). Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Tender Announcement.The purchase price payable per Note is 99.920%. The Issuer will also pay or has also paid an amount equal to any accrued and unpaid interest on the Notes on the Settlement Date (as defined below) in accordance with the terms and conditions of the Notes.
 
Settlement of the Tender Offer occurred at a running basis with settlement T+2 business days from the date of receipt of a valid tender instruction from a Holder, with the last settlement date being 6 April 2020 (“Settlement Date”). All Notes purchased by the Issuer will be cancelled.Settlement of the transactions pursuant to the Tender Offer will occur or has occurred as a secondary trade via Nordea.Information about the Tender Offer may be obtained from the Dealer Manager.Contact Information
Dealer Manager
Nordea Bank Abp, filial i Sverige
Email: NordeaLiabilityManagement@nordea.com
Telephone: +45 6136 0379The Issuer
Islandsbanki hf.
Margrét Lilja Hrafnkelsdóttir
Head of Investor Relations
Email: Margret.Lilja.Hrafnkelsdottir@islandsbanki.isDISCLAIMERThis announcement must be read in conjunction with the Tender Announcement.  No offer or invitation to acquire or sell any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Announcement in certain jurisdictions may be restricted by law.  Persons into whose possession this announcement or the Tender Announcement comes are required by the Issuer and the Dealer Manager to inform themselves about, and to observe, any such restrictions.The Notes have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the Securities Act) or the securities laws of any state or other jurisdiction of the United States, and may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, U.S. persons. The purpose of this announcement and the Tender Announcement is limited to the Tender Offer and this announcement and the Tender Announcement may not be sent or given to a person in the United States or otherwise to any person other than in an offshore transaction in accordance with Regulation S under the Securities Act.