Bulletin: Icelandic Government's Proceeding With Planned Islandsbanki IPO Is Unlikely To Affect The Bank's Strategy - S&P Global Ratings’ Credit Research

Bulletin: Icelandic Government's Proceeding With Planned Islandsbanki IPO Is Unlikely To Affect The Bank's Strategy

Bulletin: Icelandic Government's Proceeding With Planned Islandsbanki IPO Is Unlikely To Affect The Bank's Strategy - S&P Global Ratings’ Credit Research
Bulletin: Icelandic Government's Proceeding With Planned Islandsbanki IPO Is Unlikely To Affect The Bank's Strategy
Published May 31, 2021
2 pages (1078 words) — Published May 31, 2021
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Abstract:

LONDON (S&P Global Ratings) May 31, 2021--S&P Global Ratings said today that the planned IPO of Iceland-based Islandsbanki hf (BBB/Stable/A-2) marks the next step in the bank's strategic development. Islandsbanki intends to list its shares on Nasdaq Iceland during second-quarter 2021 subject to, among other things, market conditions. The bank is wholly owned by the Treasury of Iceland via Icelandic State Financial Investments (ISFI). Bank privatization has been a key government objective since 2015, and the Islandsbanki IPO was approved by the Ministry of Finance in January 2021. We do not anticipate the offering to result in any material change in the bank's strategy or stable risk appetite. The IPO is likely to accelerate capital optimization resulting in the common

  
Report Type:

Bulletin

Issuer
Islandsbanki hf
Sector
Global Issuers
Country
Iceland
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Icelandic Government's Proceeding With Planned Islandsbanki IPO Is Unlikely To Affect The Bank's Strategy" May 31, 2021. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Icelandic-Government-s-Proceeding-With-Planned-Islandsbanki-IPO-Is-Unlikely-To-Affect-The-Bank-s-Strategy-2657292>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Icelandic Government's Proceeding With Planned Islandsbanki IPO Is Unlikely To Affect The Bank's Strategy May 31, 2021. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Icelandic-Government-s-Proceeding-With-Planned-Islandsbanki-IPO-Is-Unlikely-To-Affect-The-Bank-s-Strategy-2657292>
  
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