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Ministry of Finance and Economic Affairs

Republic of Iceland Repurchases EUR 204 Million of Its 2026 Bonds

The Republic of Iceland has successfully repurchased, for cancellation, EUR 203.7 million in nominal value of its outstanding 0.625% Eurobonds due 2026 (ISIN: XS2182399274), representing over 40% of the original EUR 500 million issue. The buyback was executed at a price of 98.81%, equivalent to approximately ISK 29 billion.

The tender offer was launched on Monday, 19 May 2025 and closed at 17:00 BST on Friday, 23 May 2025.

This transaction is part of the Treasury’s ongoing liquidity and debt management strategy, aimed at reducing near-term refinancing risk and improving the maturity profile of the Government's debt portfolio. The buyback was financed from proceeds of the new EUR 750 million Eurobond issued earlier last week.


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