Today Kvika banki hf. held a closed auction for the bond series KVIKA 28 0703. Total bids amounted to ISK 9,860 million with spread ranging from 0.89 - 1.50% over 3M REIBOR. Accepted bids amounted to ISK 5,000 million at a 1.14% spread over the 3M REIBOR interest rate. The bonds have a maturity of 3 years and pay interest quarterly.
In week 23 Kvika banki hf. („Kvika“ or „the bank“) purchased 16,200,000 of its own shares at the purchase price ISK 287,285,000. See further details below: