Icelandair Group: Possibilities of a bond issue in Iceland explored

The Board of Directors of Icelandair Group has decided to explore the possibility of a bonds issue in Iceland. With the bond issue the funding of the Company will be diversified and the Company prepared for the investment in new fleet. The Central Bank has granted the Company authority to issue bonds worth up to EUR 60 million and sell to domestic investors for ISK. The exact terms of the bond has not been decided. Icelandair Group has reached an agreement with Íslandsbanki to handle the potential issue and sale.