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Commentary & Deal Flow

REV GUIDANCE: The Republic of Iceland €500m 5yr Sr Unsec; MS+37a

IGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

Guidance

Rev Guidance

The Republic of Iceland

5yr

27-May-31

€500m

Sr Unsec

Fixed

MS+45a

MS+37a


Books > €3.3bn (incl. €250m JLM interest)

Rev Guidance: 5yr: MS+37a (+/- 3 WPIR) - Books > €3.3bn (incl. €250m JLM interest)
Guidance: 5yr: MS+45a


  • Issuer: The Republic of Iceland
  • LEI: 254900IPCJWRC6XAJN15
  • ISIN: XS3388350434
  • Format: Reg S Registered, Category 1
  • Rating: A1/A+ (Moody's/S&P)
  • Size: €500m (No Grow)
  • Maturity: 27-May-31
  • Settlement: 27-May-26 (T+5)
  • Coupon: Fixed, Annual
  • Day Count: Act/Act
  • Listing: London Stock Exchange
  • Denominations: €100k + €1k
  • Leads: BNPP / DB / JPM / Nomura (B&D)
  • Target Market: Manufacturer target market (EEA MiFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the UK.
  • Books Subject Deadline: 10:30 UKT