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Tuesday 10 October, 2017

Landsbankinn hf.

Landsbankinn hf. : Covered bond offering results

Landsbankinn hf. : Covered bond offering results

Today, Landsbankinn concluded a covered bond auction where four series were offered for sale.

In total, 20 bids were received in the auction for the total amount of ISK 6,760m.

No bids were received in the series LBANK CB 21.

A total of 10 bids for ISK 1,080m were received in a new benchmark series, LBANK CB 23 at 5.23%-5.45% yield. No bids were accepted in the series.

A total of 3 bids for ISK 2,220m were received in the series LBANK CBI 24 at 2.71%-2.73% yield. Bids for the amount of ISK 2,020m were accepted at 2.72% yield. Following the tap issuance, the total amount issued in the series will be ISK 8,620m.

A total of 7 bids for ISK 3,460m were received in the series LBANK CBI 28 at 2.62%-2.69% yield. Bids for the amount of ISK 1,180m were accepted at 2.67% yield. Following the tap issuance, the total amount issued in the series will be ISK 18,280m.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 17 October 2017. Arion banki, Islandsbanki and Kvika act as market makers for covered bonds issued by Landsbankinn.

The covered bonds are issued in accordance with a license from the Financial Supervisory Authority (FME), with reference to act. no. 11/2008 and FME's rules no. 528/2008. Further information on the bonds and the cover pool is available on Landsbankinn's website, www.landsbankinn.is/covered-bonds




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Source: Landsbankinn hf. via Globenewswire


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