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Banks (Finance)

Fossar Investment Bank Issues 6-Month Notes for Sale

Strategic Insights

— 1 min read

Fossar Investment Bank hf, a Icelandic investment bank, has announced the sale of 6-month notes in the FOS 26 0311 series. The notes will have a final maturity date of March 11, 2026, and will be offered for sale through a Dutch auction method. The nominal value of the notes is ISK 20 million, and the auction is exempt from the preparation of a prospectus due to the specific conditions outlined in Article 1, paragraph 4 of the Prospectus Regulation EU No. 2017/1129.

The auction will be conducted on Thursday, September 4, with offers including information about the offer amount and flat interest rate to be submitted by 5:00 PM to the email address utbod@fossar.is. The results of the auction and allocation to investors will be announced on Friday, September 5, at the opening of the markets. The settlement date of the transactions is September 11, 2025.

Key Takeaways:

  • Fossar Investment Bank hf is issuing 6-month notes in the FOS 26 0311 series, with a final maturity date of March 11, 2026.
  • The auction will be conducted using the Dutch method, where all accepted bids will be offered to investors at the highest accepted flat rate accepted.
  • The nominal value of the notes is ISK 20 million, making the auction exempt from the preparation of a prospectus.
  • The auction will take place on Thursday, September 4, and the results will be announced on Friday, September 5.
  • Fossar Investment Bank reserves the right to accept all bids, reject all bids, or accept bids in part.
  • An application will be made for the bills to be admitted to trading on the main market of Nasdaq Iceland.

Statistics:

  • ISK 20 million: nominal value of the notes issued.
  • March 11, 2026: final maturity date of the notes.
  • September 4, 2025: auction day for the notes.
  • September 5, 2025: date of announcement for the results of the auction.
  • September 11, 2025: settlement date of the transactions.

Sources:

  • Fossar Investment Bank hf, news release, [No date provided].
  • Prospectus Regulation EU No. 2017/1129, Article 1, paragraph 4.

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