Largest ISK issue

NIB launched its so far largest bond issue in the Icelandic krona on 15 August. The one-year global fixed-rate issue totals ISK 10 billion (USD 150 million). Due 12 September 2008, the deal pays a coupon of 13 per cent and has an issue price of 100.744. Sole lead manager is TD Securities. Pay date is 30 August.