Republic of Iceland has purchased for cancellation nominal value of 400 million USD of the bond series “ICELAND 4.875% 06/16/16” (ISIN USX3446PDH48/US451029AD49). On 27 July 2015, the Republic of Iceland, launched an invitation to holders of its bond issuance from 2011 with maturity in June 2016. The issued total nominal value was U.S.$1,000,000,000. During the first quarter of 2015, the Treasury bought around 10% of the total issue, so the outstanding debt in the above-specified bond series is now 503 million USD or around 68 bn. ISK. The repurchase of the bonds is an element in the Treasury´s liquidity and debt management strategy.
Further information can be obtained from Esther Finnbogadóttir at the Ministry of Finance and Economic Affairs, tel. 545-9200.