Kvika concluded an auction of
bills on 20 September for a new series, KVB 17 0323. Bills with a nominal value
of ISK 2,000m were offered, and submitted bids totalled ISK 4,460m. Bills are
issued with a nominal value of ISK 2,000m at 5.98% flat interest.
The bills will be listed on
Nasdaq Iceland.
Sigurður Atli Jónsson, Kvika's CEO:
“We are very happy with investors'
response and the interest rate and amount of submitted bids reflects the Bank's
strength.”