FRN Variable Rate Fix
December 04 2008 - 7:12AM
UK Regulatory
As Agent Bank, please be advised of the following rate determined on: 28-Nov-2008
Issue � Islandsbanki hf - Series 186
USD 75,000,000.00 Step UP Callable FRN Due 02-Mar-2015
ISIN Number � XS0213269094
Common Code / 144A ISIN � 21326909
Issue Nomin USD � 75,000,000.00
Period � 02-Dec-2008 to 02-Mar-2009 Payment Date 02-Mar-2009
Number of Days � 90
Rate � 2.61688
Denomination USD � 1,000.00 � 75,000,000.00 �
Amount Payable per Denomination � 6.54 � 490,665.00 �
Bank of New York
Rate Fix Desk Telephone � 44 1202 689580
Corporate Trust Services Facsimile � 44 1202 689601
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