Ministry Confirms Domestic Joint Bookrunners for Upcoming Íslandsbanki Share Offering

As communicated by the Ministry of Finance and Economic Affairs, last Thursday, the framework for a public offering in Íslandsbanki hf. has been approved. The legal framework ensures that due consideration is given to objectivity, efficiency, equality, and transparency in the offering process. Particular emphasis is placed on ensuring that the entire process earns and maintains public trust.

Further to the announcement published last Friday regarding the appointment of international bookrunners relating to a prospective offering, the Ministry now confirms that domestic joint bookrunners for the upcoming Íslandsbanki share offering have also been appointed. These are Arctica Finance hf., Arion Bank hf., Kvika banki hf., and Landsbankinn hf. The appointment of the bookrunners is part of the preparatory work for the planned offering, which is well underway.

As previously announced Barclays Bank Ireland PLC, and Citigroup Global Markets Europe AG and Kvika banki hf. have been mandated to act as joint global co-ordinators and joint bookrunners to plan and oversee the offering, as well as manage the order books.