Bonds issued by Arborg
(municipality), Class 1 2002 (ARBO 02 1), nominal value ISK 220 million will
be listed next Monday, September 16, 2002. Issue date is June 27, 2002,
maturity date July 27, 2014. The bonds will be repaid with 48 equal quarterly
payments, starting October 27, 2002. Yearly payment dates are January
27, April 27, July 27 and October 27. The
rate of interest, applied to the principal amount outstanding, is 7.3% per
annum. Interest is calculated from and including June 27, 2002 and payable on
maturity dates. The bonds are linked to the Icelandic Consumer Price Index
(CPI). The base index value is 221.8, which is the CPI published in May 2002
and applicable to June 2002. Total nominal value of the issue is up to ISK 500
million. The bonds are issued in a denomination of ISK 10 million.
Symbol: ARBO 02 1. ISIN-code: IS0000007136. Orderbook ID: 19742.
responsible for listing: Islandsbanki hf.