Kvika concluded an auction of bills on 20 September for a new series, KVB 17 0323. Bills with a nominal value of ISK 2,000m were offered, and submitted bids totalled ISK 4,460m. Bills are issued with a nominal value of ISK 2,000m at 5.98% flat interest.

The bills will be listed on Nasdaq Iceland.

Sigurður Atli Jónsson, Kvika's CEO:

“We are very happy with investors' response and the interest rate and amount of submitted bids reflects the Bank's strength.”