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NASDAQ OMX (NASDAQ: NDAQ) announces that NASDAQ OMX Iceland has approved an application to admit covered bonds issued by Islandsbanki hf. (issuer symbol: ISLA) to trading. The first day of trading will be 7 December, 2011. This is the first listing of a bond issued by an Icelandic financial company since the collapse in Iceland in 2008.
Pall Hardarson, President of NASDAQ OMX Iceland: “We are pleased to list Islandsbanki's bonds. This issuance is a step forward for the financial system and in the rebuilding of the Icelandic securities market. We expect this to encourage other companies to make greater use of the bond market."
Birna Einarsdóttir, CEO of Islandsbanki: „We are thrilled to have reached this milestone which can be seen as an important part of resurrecting the domestic financial and capital markets. We were determined to issue the covered bonds in Iceland in order to be able to offer a new investment opportunity to domestic investors. The issue represents an important step in strengthening the Icelandic financial market and will contribute to its development.”
For more information on the bonds issuance, please see the final terms on www.nasdaqomxnordic.com (company news).
