Cederquist has advised Íslandsbanki hf and Nordea Bank Abp in connection with Íslandsbanki’s inaugural issuance of AT1 bonds under Swedish law

Cederquist has advised Íslandsbanki hf and Nordea Bank Abp in connection with Íslandsbanki’s first Swedish law, dual tranche issuance of Additional Tier 1 bonds in an aggregate amount of SEK 700 million and NOK 200 million. The bonds carry a floating interest rate of 350 basis points over three-month STIBOR and 358 basis points over three-month NIBOR, respectively.

Íslandsbanki is a leading Icelandic universal bank offering retail, corporate and investment banking services. The bank has approximately 700 employees and total assets of approximately SEK 113 billion as at year-end 2024. The bank’s shares have been listed on Nasdaq Iceland Main Market since 2021.

Cederquist’s team consisted of Per Henriksson, Tobias Frödin Lilja, Camilla Hedner, Mohamed Mustapha, Theodor Mendel and Ebba Rudbeck.