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Hitt og þetta 28. september 2006

Kaupthing Bank issues USD3bn in bonds in the US

Nordic Business Report-September 28, 2006-Kaupthing Bank issues USD3bn in bonds in the US
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Iceland's Kaupthing Bank issued USD3bn in bonds in the United States on Wednesday (27 September).

This completes Kaupthing Bank's refinancing of its long-term debt maturing in 2007. The issue was heavily oversubscribed and was substantially increased from what was originally planned, the bank said.

Kaupthing Bank issued three tranches with three-, five- and ten-year maturities. The three-year (maturing January 2010) floating rate tranche of USD1.0bn was priced at LIBOR + 70 bp. The five-year fixed rate tranche of USD1.5bn was priced at US Treasuries + 130 bp. The ten-year fixed rate tranche of USD500m was priced at US Treasuries + 155 bp.

The bonds were sold to more than 200 institutional investors and the issue was heavily oversubscribed, with an order book of USD9bn when it was closed. This issue represents Kaupthing Bank's largest ever loan, the bank said.

Citigroup, Lehman Brothers, Merrill Lynch and Credit Suisse arranged the issue.

One US dollar (USD) is worth approximately 0.52 British pounds (GBP).

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25 ára afmælistilboð VB – 50% afsláttur af áskrift

Afmælistilboð VB

Viðskiptablaðið er 25 ára og af því tilefni býðst nýjum áskrifendum að kaupa áskrift á 50% afslætti.
Afmælisverðið er aðeins 2.500 krónur.

Tilboðið er fyrir nýja áskrifendur. Núverandi áskrifendur geta bætt við sig áskrift á þessu verði. Gildir í 4 mánuði. Áskrifendur fá Viðskiptablaðið, Frjálsa verslun og Fiskifréttir sent ásamt vefaðgangi að vb.is og fiskifrettir.is