Íbúðalánasjóður
SIGNING OF AGREEMENTS REGARDING HFF BOND ISSUANCE AND MARKET MAKING IN THE SECONDARY MARKET
Íbúðalánasjóður 26.06.2015 19:07 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- On Friday, June 26th, the Housing Financing Fund (HFF) signed agreements regarding HFF bond issuance and market making in the secondary market. As of July 1st, 2015, four financial institutions are authorized to refer to themselves as 'Primary Dealers in HFF bonds'; Íslandsbanki hf., Arion banki hf., Landsbankinn hf. and MP Bank hf. -- Primary Dealers have exclusive access to HFF's Securities Lending Facilities. -- A Primary Dealer is a market maker in the secondary market for all HFF bonds and submits a minimum bid at nominal value for each bond series at Nasdaq OMX in Iceland as follows: Class Nominal Value ------------------------ HFF150224 80.000.000 ------------------------ HFF150434 70.000.000 ------------------------ HFF150644 65.000.000 ------------------------ -- A Primary Dealer is obligated to keep the maximum spread between bid and ask quotes as specified in the agreements. -- A Primary Dealer is required to renew his/her offers within ten minutes after they have been accepted. If the Primary Dealer's total transaction in one series during that day equals ISK 500 million at nominal value, the Primary Dealer is entitled to diverge from the maximum spread requirement for that particular series for the remainder of that day. The agreement is valid from July 1st, 2015 to June 30th, 2016. Total compensation paid to all Primary Dealers is ISK 75 million during the term of the agreement for market making in the secondary market. News Source: NASDAQ OMX 26.06.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Íbúðalánasjóður Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000001113 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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